Question: QUESTION 3 Under the perpetual inventory system what is the correct entry for the credit purchase of 5 washing machines at $300 per washing

QUESTION 3 Under the perpetual inventory system what is the correct entry for the credit purchase of 5 washing machines at $300 per washing machine plus GST of $30 each? a. Debit Inventory $1,650, Credit Accounts payable $1,500, Credit GST collected $150. b. Debit Inventory $1,650, Credit Accounts payable $1,650. C. Debit Accounts payable $1,650, Credit Inventory $1,500, Credit GST paid $150. d. Debit Inventory $1,500, Debit GST paid $150, Credit Accounts payable $1,650.

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