If a Company Is Using a Perpetual Inventory System, Which $\quad 10,000$

question 95

Multiple Choice

If a company is using a perpetual inventory system, which of the following entries is the correct journal entry to record the purchase of $10,000 of merchandise on account?
A. Dr. Inventory $\quad 10,000$
$\quad$ Cr. Accounts payable $\quad 10,000$
B. Dr. Inventory $\quad 10,000$
$\quad$ Cr. Purchases $\quad 10,000$
C. Dr. Purchases $\quad 10,000$
$\quad$ Cr. Inventory $\quad$ 10,000
D. Dr. Purchases $\quad 10,000$
$\quad$ Cr. Accounts payable $\quad 10,000$

• A)Option A
• B)Option B
• C)Option C
• D)Option D

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Definitions:

Law Of Effect

A principle in psychology stating that behaviors followed by positive outcomes tend to be repeated, whereas behaviors followed by negative outcomes are less likely to be repeated.

Temporal Relationship

The relational concept that denotes the timing and sequence of events or variables as they occur over time.

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with the unconditioned stimulus, eventually comes to trigger a conditioned response.

Unconditioned Stimulus

In classical conditioning, a stimulus that naturally and automatically triggers a response without any conditioning.