Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the journal entry to record the purchase, on accou

The journal entry to record the purchase, on account, of $1,000 of inventory is a....

60.1K

Verified Solution

Question

Accounting

The journal entry to record the purchase, on account, of $1,000 of inventory is a. Dr. Inventory $1,000 and Cr. Cash $1,000 b. Dr. Inventory $1,000 and Cr. Accounts Payable $1,000 c. Dr. Accounts Payable $1,000 and Cr. Inventory $1,000 d. Dr. Cash $1,000 and Cr. Inventory $1,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The odor of a dead fish is attributed to trimethylamine, (CH3)3N, one of a series of...

Chemistry
Q

During a Skype session with Jordan and Taylor, you mention that your current cost model in...

Accounting
Q

A point charge placed on the axis of a uniformly charged large non conducting disc...

Physics
Q

Identify which sequence of transformations could map pentagon ABCDE onto pentagon A"B"C"D"E", as shown below.(1)...

Geometry
Q

Use reference angles to find the exact value of Sin 300 .Your written work should...

Basic Math
Q

Bruce attended a music store s banjo sale He counted the types of banjos and...

Statistics
Q

9 Three questions are asked to some US households when the U S Bureau of...

Algebra
Q

Find the compound amount and compound interest on $5000 invested at...

Accounting
Q

Kameron Gibsons bank statement showed a balance of $869.05. Kamerons checkbook had a balance of...

Accounting
Q

Vince and Valerie adopted a child with special needs in a domestic adoption. They had...

Accounting
Q

The following trial balance was prepared by Vantage Electronics Corporation, a Canadian private enterprise, as...

Accounting
Q

Please filling in the blanks in blue using Excel formulas

Finance