Question: When purchasing merchandise inventory: Question content area bottom Part 1 A. a credit entry is made to Accounts Payable. B. no entry is needed. C.
When purchasing merchandise inventory: Question content area bottom Part 1 A. a credit entry is made to Accounts Payable. B. no entry is needed. C. a debit entry is made to Merchandise Inventory. D. A and C are correct.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
