Under a Perpetual Inventory System,the Journal Entry to Record the Purchase

question 150

Multiple Choice

Under a perpetual inventory system,the journal entry to record the purchase of inventory on account will include a:

• A)debit to Inventory and a credit to Cash.
• B)debit to Inventory and a credit to Accounts Payable.
• C)debit to Accounts Payable and a credit to Inventory.
• D)debit to Purchases and a credit to Accounts Payable.

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