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The Rebecca Company Acquired Merchandise Inventory Costing $10,000 on September

Question 67

Multiple Choice

The Rebecca Company acquired merchandise inventory costing $10,000 on September 1.The company will not pay for the inventory until October 1.This transaction will affect the Rebecca Company by increasing the Merchandise Inventory account by $10,000 and _____.


A) increasing the Accounts Payable account by $10,000
B) decreasing the Accounts Payable account by $10,000
C) increasing the Capital account by $10,000
D) decreasing the Capital account by $10,000

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