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Which the journal entry to record the purchase is

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Reference no: EM132953445

Problem 1: The journal entry to record the purchase, on account, of $10,000 of inventory is

a. Dr. Inventory $10,000 and Cr. Cash $10,000.

b. Dr. Cash $10,000 and Cr. Inventory $10,000.

c. Dr. Inventory $10,000 and Cr. Accounts Payable $10,000.

d. Dr. Accounts Payable $10,000 and Cr. Inventory $10,000.

Reference no: EM132953445

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