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  • 08-04-2024
  • Business
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The journal entry to record the receipt of inventory purchased for cash in a perpetual inventory system would be
a. Jan. 1 Cash 1,500; Accounts Receivable 1,500
b. Jan. 1 Purchases 1,500; Accounts Payable 1,500
c. Jan. 1 Inventory 1,500;Office Supplies 1,500
d. Jan. 1 Inventory 1,500;Cash 1,500

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