A Merchandiser Purchased Inventory on Account for $17,000

question 209

Multiple Choice

A merchandiser purchased inventory on account for $17,000.In a periodic inventory system,the journal entry to record the purchase would include ________.

• A) a debit to Purchases for $17,000 and a credit to Accounts Payable for $17,000
• B) a debit to Accounts Payable for $17,000 and a credit to Purchases for $17,000
• C) a debit to Merchandise Inventory for $17,000 and a credit to Accounts Payable for $17,000
• D) a debit to Accounts Payable for $17,000 and a credit to Merchandise Inventory for $17,000

Learn about the concept of working memory and its significance in memory processes.

Recognize the existence of sensory memories across different sensory modalities.

Understand the methodology of memory search in short-term memory, including parallel and serial processes.

Understand the concept of conformity and the factors influencing it.

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Definitions:

Double-blind Technique

A research method in which both the participants and the experimenters are unaware of who receives the treatment, eliminating bias.

Antipsychotic Drug

Medication primarily used to treat psychosis, including delusions, hallucinations, and schizophrenia.

Experimental

Involves a method of testing through controlled trials to discover, demonstrate, or test a hypothesis.

Mood-stabilizing Drug

Medications used to treat mood disorders that help regulate and stabilize emotional states, preventing extreme shifts in mood.