Multiple Choice
The entry to record a purchase of merchandise on credit includes
A) a debit to Purchases and a credit to Accounts Receivable.
B) a credit to Purchases and a credit to Accounts Payable.
C) a debit to Accounts Payable and a credit to Purchases.
D) a debit to Purchases and a credit to Accounts Payable.
Correct Answer:
Verified
Correct Answer:
Verified
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