What Journal Entry Is Required When Inventory Is Purchased Under $\mathrm { Cr }$

question 95

Multiple Choice

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

• A) Dr Cost of goods sold
• \(\mathrm { Cr }\) Inventory
• B) Dr Cost of goods sold
• \(\mathrm { Cr }\) Inventory
• Cr Purchases
• C) Dr Inventory
• \(\mathrm { Cr }\) Accounts Payable
• D) Dr Purchases
• \(\mathrm { Cr }\) Accounts Payable

Understand the impact of cultural differences on motivation and emotional expression.

Understand the constitutional grounds for and against federal regulation of private businesses.

Identify the limitations of the First Amendment concerning free speech and commercial speech.

Recognize the principles governing the protection of individual privacy under the U.S. Constitution.

---

Definitions:

Chromosomes

Structures within cells that consist of DNA and protein, containing genes which are units of heredity and determine characteristics of an organism.

Protein Synthesis

The process in which cells build proteins based on instructions from genes.

Santiago Ramón y Cajal

A Spanish neuroscientist known for his pioneering work on the structure of the nervous system and the neuron doctrine.

Camillo Golgi

An Italian physician and scientist known for his pioneering work in neurobiology; he discovered the Golgi apparatus, a critical cellular organelle.