Question: Under the perpetual inventory system, what is the entry for the credit purchase of 10 violins at $600 each plus 10% GST? DR Inventory $6600;

Under the perpetual inventory system, what is the entry for the

Under the perpetual inventory system, what is the entry for the credit purchase of 10 violins at $600 each plus 10% GST? DR Inventory $6600; CR Accounts payable $6000; CR GST payable $600. DR Inventory $6000; DR GST receivable $600; CR Accounts payable $6600. O DR Inventory $6600; CR Accounts payable $6600. DR Inventory $6000; CR Accounts payable $5400; CR GST payable $600

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