The Journal Entry to Record the Purchase of $7,500 of Inventory

question 6

Multiple Choice

The journal entry to record the purchase of $7,500 of inventory on account under the perpetual inventory system is:

• A)debit Inventory, $7,500; credit Cash, $7,500.
• B)debit Purchases, $7,500; credit Accounts Payable, $7,500.
• C)debit Inventory, $7,500; credit Accounts Payable, $7,500.
• D)debit Cost of Goods Sold, $7,500; credit Inventory, $7,500.

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Definitions:

Saturated Fat

A type of dietary fat found primarily in animal products and some plants, known to increase cholesterol levels and associated with higher risk of heart disease.

Target Population

The specific group of individuals identified as the intended audience or beneficiaries of a program or research study.

Educational Approach

Methodologies and strategies employed to impart knowledge, skills, attitudes, and behaviors, aimed at facilitating learning and understanding.

Instruction Planning

The process of designing and organizing educational activities and materials to facilitate learning and achieve educational objectives.