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Home > Business & Careers > Accounting   »   Perpetual inventory system

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Old Nov 2, 2009, 08:29 AM
phlirtygal
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Perpetual inventory system

Under the perpetual inventory system which journal entry would indicate a purchase of merchandise assuming cash is paid?

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Old Nov 2, 2009, 10:37 AM   #2  
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Dr. Inventory
Cr. Cash
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