Identify the Journal Entry Required to Correctly Record the Following

question 35

Multiple Choice

Identify the journal entry required to correctly record the following transaction. Purchased goods on credit.

• A) Dr Inventory
• Cr Accounts payable
• B) Dr Inventory
• Cr Accounts receivable
• C) Dr Accounts receivable
• Cr Inventory
• D) Dr Purchases
• Cr Cash at bank

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Definitions:

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