Multiple Choice
Uptown Company purchases $4,000 of inventory on account.Uptown Company should debit ________.
A) Cash for $1,000, and credit Accounts Payable for $4,000
B) Cash for $1,000, and credit Note Payable for $4,000
C) Inventory for $4,000, and credit Cash for $4,000
D) Inventory for $4,000, and credit Accounts Payable for $4,000
Correct Answer:
Verified
Correct Answer:
Verified
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