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    AVerma83's Avatar
    AVerma83 Posts: 1, Reputation: 1
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    #1

    Mar 3, 2008, 02:34 PM
    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.

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    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Oct 18, 2008, 07:36 PM

    You Debit Inventories, Credit Cash

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