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Find which of entries would be made to record purchase

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Reference no: EM132772977

Problem 1: Which of the following entries would be made to record the purchase of inventory on account if a company uses the perpetual inventory system?

A) a debit to Purchases and a credit to Accounts Payable

B) a debit to Accounts Payable and a credit to Purchases

C) a debit to Merchandise Inventory and a credit to Accounts Payable

D) a debit to Accounts Payable and a credit to Merchandise Inventory

Reference no: EM132772977

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