Which of the following accounts are used when recording a purchase using a periodic inventory system? A.
Question:
Which of the following accounts are used when recording a purchase using a periodic inventory system?
A. Cash, purchases
B. Accounts payable, sales
C. Accounts payable, accounts receivable
D. Cash, merchandise inventory
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Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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