The journal entry for the purchase of inventory on account using the perpetual inventory system is Date
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The journal entry for the purchase of inventory on account using the perpetual inventory system is
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Date a. Merchandise Inventory Accounts Receivable Accounts and Explanation b. Accounts Payable C. Merchandise Inventory Merchandise Inventory Accounts Payable d. Merchandise Inventory Cash Debit XXX XXX XXX XXX Credit XXX XXX XXX XXX
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Related Book For
Horngrens Financial And Managerial Accounting The Managerial Chapters
ISBN: 9781292412337
7th Global Edition
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura
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