The journal entry to record the purchase of $8,800 of inventory on account under the perpetual inventory system is A debit Inventory, $8,800 credit Accounts Payable, $8,800 B debit Cost of Goods Sold, $8,800 credit Inventory, $8,800 C debit Inventory, $8,800, credit Cash, $8,800 D debit Purchases,...

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Financial accounting

ISBN: 978-0136108863

8th Edition

Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas

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