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The Account Distribution for Purchases of Inventory on Account Is

Question 3

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The account distribution for purchases of inventory on account is:


A) Debit Checking and Merchandise Inventory;credit Accounts Receivable/customer.
B) Debit Merchandise Inventory and Accounts Receivable;credit Sales.
C) Debit Accounts Receivable/Customer;credit Accounts Payable/vendor.
D) Debit Merchandise Inventory;credit Accounts Payable/vendor.
E) None of these.

Correct Answer:

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