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Inventory of $100 000 Was Purchased on Credit \quad \quad

Question 23

Short Answer

Inventory of $100 000 was purchased on credit.The journal entry is:
A. DR Inventory \quad \quad CR Cash

B. DR Inventory \quad CR Accounts payable

C. DR Accounts payable \quad CR Inventory

D. DR Inventory \quad \quad CR Accrued expenses

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