The company Salsasoris SA purchased inventory on credit from the vegetable distributor Naturlandia Co. for a value of $18,000. The inventory cost for Naturlandia was $10,000. Salsasoris SA will record this transaction as follows: Account Debit Credit Inventories $18,000 Accounts Payable $18,000.

How will Naturlandia Co. record the transaction?

Answer rating: 100% (QA)

Naturlandia Co will record the transaction as follows Account Debit Credi... View the full answer