A company purchases $10,000 in inventory that will be paid for in 60 days. Which of the
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Debit cash $10,000; credit inventory $10,000
Debit inventory $10,000; credit cash $10,000
Debit accounts payable $10,000; credit inventory $10,000
Debit inventory $10,000; credit accounts payable $10,000
Related Book For
Financial Accounting: A Business Process Approach
ISBN: 978-0136115274
3rd edition
Authors: Jane L. Reimers
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