What Journal Entry Is Required When Inventory Is Purchased Under

question 33

Multiple Choice

What journal entry is required when inventory is purchased under the periodic inventory system?

---

Definitions:

Lumens

A measure of light output or brightness; how much visible light is coming out of equipment such as lamps, lighting equipment, or projectors.

Projector

A device that takes input from a device such as a computer, laptop, camera, and so on and sends that image to a screen or wall.

KVM Switch

A device that allows a user to control multiple computers from a single keyboard, video monitor, and mouse.

Virtualize

The act of creating a virtual version of something, including but not limited to operating systems, servers, and networks.