Inventory of $100 000 Was Purchased on Credit $\quad$ $\quad$

question 23

Short Answer

Inventory of $100 000 was purchased on credit.The journal entry is:
A. DR Inventory $\quad$ $\quad$ CR Cash

B. DR Inventory $\quad$ CR Accounts payable

C. DR Accounts payable $\quad$ CR Inventory

D. DR Inventory $\quad$ $\quad$ CR Accrued expenses

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Definitions:

Carbohydrate

An organic combination of carbon, hydrogen, and oxygen as a sugar, a starch, or cellulose.

Organic Combination

A natural or seamless integration or union of elements, substances, or components.

Oxygen

A colorless, odorless, tasteless gas found in the air; chemical symbol, O2.

Binge

A spree; to overindulge, such as with alcohol or food.