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The Proper Journal Entry to Record the Receipt of Inventory 1,600\quad 1,600

Question 185

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The proper journal entry to record the receipt of inventory purchased on account in a periodic inventory system would be a. Jan. 1 Merchandise Inventory 1,600
Accounts Payable 1,600\quad 1,600
b. Jan. 1 Office Supplies 1,600\quad 1,600
Accounts Payable 1,600\quad 1,600
c. Jan. 1 Purchases 1,600
Accounts Payable 1,600\quad 1,600
d. Jan. 1 Purchases 1,600
Accounts Receivable 1,600\quad 1,600

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