The journal entry to record the receipt of inventory purchased for cash in a perpetual inventory system would be a. Jan. 1 Merchandise Inventory Cash b. Jan. 1 Office Supplies Cash c. Jan. 1 Purchases Accounts Payable d. Jan. 1 Cash Accounts Receivable 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500
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Home » Business » The journal entry to record the receipt of inventory purchased for cash in a perpetual inventory system would be a. Jan. 1 Merchandise Inventory Cash b. Jan. 1 Office Supplies Cash c. Jan. 1 Purchases Accounts Payable d. Jan.