Short Answer
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
b. Jan. 1 Office Supplies
Accounts Payable
c. Jan. 1 Purchases 1,600
Accounts Payable
d. Jan. 1 Purchases 1,600
Accounts Receivable
Correct Answer:

Verified
Correct Answer:
Verified
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