If a company were using a periodic inventory system, which of the following entries is the correct journal entry to record the purchase of $20,000 of merchandise on account?

If a company were using a periodic inventory system, which of the following entries is the correct journal entry to record the purchase of $20,000 of merchandise on account?
A) Choice A
B) Choice B
C) Choice C
D) Choice D


Leave a Reply

Your email address will not be published.