10
answers
0
watching
605
views

The journal entry for the purchase of inventory on the account using the perpetual inventory system is

A. Debit purchases and credit account payable

B. Credit purchases and debit account payable

C. The subtraction of merchandise inventory and account payable.

D. Credit both purchases and account payable

For unlimited access to Homework Help, a Homework+ subscription is required.

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Already have an account? Log in
Already have an account? Log in
Already have an account? Log in
Already have an account? Log in
Already have an account? Log in
Already have an account? Log in
Already have an account? Log in
Already have an account? Log in
Nelly Stracke
Nelly StrackeLv2
12 May 2020
Already have an account? Log in
Start filling in the gaps now
Log in