Question: 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

 Under the perpetual inventory system what is the correct entry for

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? Select one: O a Debit Inventory $1,650: Credit Accounts payable $1,500: Credit GST paid $150 Ob. Debit inventory $1,650; Credit Accounts payable $1,650 OC Debit Accounts payable $1,650; Credit Inventory $1.500; Credit GST paid $150 od Debit Inventory $1.500; Debit GST paid $150: Credit Accounts payable $1,650 .e. Debit Purchases $1,650: Credit GST paid $150: Credit Accounts payable 51,500

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