The journal entry for the purchase of $900 of inventory on account is as follows: DATE ACCOUNTS
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The journal entry for the purchase of $900 of inventory on account is as follows:
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DATE ACCOUNTS POST REF. DR. CR. a. Cost of Goods Sold 900 900 9 b. C. Accounts Payable Inventory Accounts Payable Accounts Payable Inventory d. Inventory Cash 900 900 900 900 900 900
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Ali Khawaja
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