On April 1,a Hardware Retailer Purchases Inventory on Account for $1,800.Which

question 71

Multiple Choice

On April 1,a hardware retailer purchases inventory on account for $1,800.Which of the following correctly describes the effect of this transaction? Assume a perpetual inventory system is used.

• A) Merchandise Inventory decreases by $1,800 and Accounts Receivable decreases by $1,800.
• B) Merchandise Inventory decreases by $1,800 and Accounts Receivable increases by $1,800.
• C) Merchandise Inventory increases by $1,800 and Accounts Payable decreases by $1,800.
• D) Merchandise Inventory increases by $1,800 and Accounts Payable increases by $1,800.

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Definitions:

Road Construction

The building and maintenance of roads, including planning, designing, and managing the construction process to ensure efficient transportation.

Habituation

A psychological learning process wherein there is a decrease in response to a stimulus after repeated exposures, signifying an adaptation or getting used to the stimulus.

Sensitization

An increased reaction to a stimulus following repeated exposures to it.

Classical Conditioning

An educational method where a connection is made between a stimulus in the environment and one that occurs naturally, resulting in a conditioned response.