The journal entry to record the receipt of inventory purchased for cash in a perpetual inventory system would be
B) Jan. 1 Office Supplies $ \quad 1,500 $ Cash$ \quad 1,500 $
C) $\begin{array}{l} \text { Jan. } 1 \text { Purchases }&1,500 \ \text { Accounts Payable }&1,500 \end{array}$
D) Jan. 1 Cash $ \quad 1,500 $ Accounts Receivable $ \quad 1,500 $

Question

The journal entry to record the receipt of inventory purchased for cash in a perpetual inventory system would be
B) Jan. 1 Office Supplies $ \quad 1,500 $ Cash$ \quad 1,500 $ 
C) $\begin{array}{l} \text { Jan. } 1 \text { Purchases }&1,500 \ \text { Accounts Payable }&1,500 \end{array}$ 
D) Jan. 1 Cash $ \quad 1,500 $ Accounts Receivable $ \quad 1,500 $

Quizplus · Accepted Answer

The Answer of The journal entry to record the receipt of inventory purchased for cash in a perpetual inventory system would be
B) Jan. 1 Office Supplies $ \quad 1,500 $ Cash$ \quad 1,500 $ 
C) $\begin{array}{l} \text { Jan. } 1 \text { Purchases }&1,500 \ \text { Accounts Payable }&1,500 \end{array}$ 
D) Jan. 1 Cash $ \quad 1,500 $ Accounts Receivable $ \quad 1,500 $

The Journal Entry to Record the Receipt of Inventory Purchased 1,500 \quad 1,500 1,500

The Journal Entry to Record the Receipt of Inventory Purchased $\quad 1,500$