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Smith Corporation Purchased $65,000 of Merchandise on Credit

Question 32

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Smith Corporation purchased $65,000 of merchandise on credit.The company uses the perpetual method of recording inventory purchases.What would be the correct journal entry to record the purchase?


A) Smith Corporation purchased $65,000 of merchandise on credit.The company uses the perpetual method of recording inventory purchases.What would be the correct journal entry to record the purchase? A) B) C) D)
B) Smith Corporation purchased $65,000 of merchandise on credit.The company uses the perpetual method of recording inventory purchases.What would be the correct journal entry to record the purchase? A) B) C) D)
C) Smith Corporation purchased $65,000 of merchandise on credit.The company uses the perpetual method of recording inventory purchases.What would be the correct journal entry to record the purchase? A) B) C) D)
D) Smith Corporation purchased $65,000 of merchandise on credit.The company uses the perpetual method of recording inventory purchases.What would be the correct journal entry to record the purchase? A) B) C) D)

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