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Bryan Company Purchased Merchandise Worth $1,800 on Credit,terms N/30

Question 19

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Bryan Company purchased merchandise worth $1,800 on credit,terms n/30.What is the required journal entry to record the transaction under the perpetual inventory system?


A) Accounts Receivable 1,800
Purchases 1,800
B) Purchases 1,800
Merchandise Inventory 1,800
C) Merchandise Inventory 1,800
Accounts Payable 1,800
D) Accounts Payable 1,800
Merchandise Inventory 1,800

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