Question: In perpetual inventory system we learned from class, if the business purchased $800 inventory and $300 office supplies on account, the accounting entry for the

In perpetual inventory system we learned from class, if the business purchased $800 inventory and $300 office supplies on account, the accounting entry for the purchase will be: O A. Dr. Inventory 800 and Office supplies 300, Cr. Accounts Payable 1,100 B. Inventory 800 Cr. Accounts Payable 800 OC. Inventory 1100, Cr. Accounts Payable 1,100 OD. Office Supplies 1,100 Cr. Accounts Payable 1,100 Next page

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