Mack Industries Uses the Periodic Inventory System

question 88

Multiple Choice

Mack Industries uses the periodic inventory system. What is the entry to record a $450 merchandise purchase on account from Nickel Corporation?

• A) Debit Accounts Payable for $450; credit Sales for $450.
• B) Debit Purchases for $450; credit Accounts Payable for $450.
• C) Debit Purchases for $450; credit Merchandise Inventory for $450.
• D) Debit Merchandise Inventory for $450; credit Accounts Payable for $450.

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Definitions:

Dorsal Recumbent

A body position where the patient lies on their back with the legs bent at the knees, often used for abdominal and pelvic examinations.

Lithotomy Position

A medical position used during examinations or procedures where the patient lies on their back with hips and knees flexed and thighs apart.

Rape

A heinous crime involving the non-consensual sexual intercourse or penetration carried out against an individual without their permission.

Brittle Hair

Hair that is dry, damaged, and prone to breakage due to lack of moisture or nutritional deficiencies.