The proper journal entry to record the receipt of inventory purchased on account in a periodic inventory system would be:

Question

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In a periodic inventory system, inventory purchases are recorded under the Purchases account. Therefore, the proper journal entry to record the receipt of inventory purchased on account would be to debit the Purchases account and credit the Accounts Payable account. Option C correctly reflects this entry. Option A is incorrect as it only debits the Inventory account without crediting the Accounts Payable account. Option B is incorrect as it debits the Office Supplies account instead of the Purchases account. Option D is incorrect as it credits the Accounts Receivable account instead of debiting the Accounts Payable account.

The Proper Journal Entry to Record the Receipt of Inventory