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Author Question: When merchandise is purchased on account under the perpetual inventory system, the journal entry is: (Read 76 times)

maychende

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on: Feb 18, 2020
When merchandise is purchased on account under the perpetual inventory system, the journal entry is:
◦ debit Accounts Payable and credit Inventory.
◦ debit Inventory and credit Accounts Payable.
◦ debit Purchases and credit Accounts Payable.
◦ debit Accounts Payable and credit Purchases.
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by maychende on Feb 18, 2020

reversalruiz

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Reply #1 on: Feb 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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maychende

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Reply 2 on: Feb 18, 2020
Great answer, keep it coming :)

amit

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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