Question

A merchandiser purchased inventory on account for $10,000. Under the periodic inventory system, the journal entry to record purchases would include:

Answer 1

Calculate the cost of goods sold for a merchandiser using the periodic inventory system from the following details. A merchandiser purchased inventory on account for $10,000. Under the periodic inventory system, the journal entry to record the purchase would include ________.

Answer 2

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Calculate the cost of goods sold for a merchandiser using the periodic inventory system from the following details. A merchandiser purchased inventory on account for $10,000 .

Under the periodic inventory system, the journal entry to record purchases would include.......