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    phlirtygal's Avatar
    phlirtygal Posts: 2, Reputation: 1
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    #1

    Nov 2, 2009, 09:29 AM
    Perpetual inventory system
    Under the perpetual inventory system which journal entry would indicate a purchase of merchandise assuming cash is paid?
    hamzashakaa's Avatar
    hamzashakaa Posts: 161, Reputation: 8
    Junior Member
    		  
    #2

    Nov 2, 2009, 11:37 AM

    Dr. Inventory
    Cr. Cash
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