Ransom Co.purchased $10,000 of merchandise inventory on account from a supplier.Show how the transaction would affect Ransom's financial statements.

Name: Ransom Co.purchased $10,000 of merchandise inventory on account from a supplier.Show how the transaction would affect Ransom's financial statements.
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The Answer of Ransom Co.purchased $10,000 of merchandise inventory on account from a supplier.Show how the transaction would affect Ransom's financial statements.

Ransom CoPurchased $10,000 of Merchandise Inventory on Account from a Supplier