A company purchased inventory for $100,000 on account and recorded it as follows:
$$\begin{array} { | c | r | r | }
\hline \text { Merchandise Inventory } & 100,000 & \
\hline \text { Accounts Payable } & & 100,000 \
\hline
\end{array}$$

Question

A company purchased inventory for $100,000 on account and recorded it as follows:
 $$\begin{array} { | c | r | r | } 
\hline \text { Merchandise Inventory } & 100,000 & \
\hline \text { Accounts Payable } & & 100,000 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of A company purchased inventory for $100,000 on account and recorded it as follows:
 $$\begin{array} { | c | r | r | } 
\hline \text { Merchandise Inventory } & 100,000 & \
\hline \text { Accounts Payable } & & 100,000 \
\hline
\end{array}$$

A Company Purchased Inventory for $100,000 on Account and Recorded