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-   -   Journal positing (https://www.askmehelpdesk.com/showthread.php?t=190666)

  • Mar 3, 2008, 02:34 PM
    AVerma83
    Journal positing
    Paid $65000 cash for inventories purchased during the year. In order to journalize this correctly do you debit inventory or debit accounts payable.

    Thanks
  • Oct 18, 2008, 07:36 PM
    pready

    You Debit Inventories, Credit Cash

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