Select the correct answer.
Adidea Corp. purchased 500 units of merchandise at $15 per unit fro...
Mathematics, 29.03.2020 03:03 codyshs160
Select the correct answer.
Adidea Corp. purchased 500 units of merchandise at $15 per unit from a vendor. It pays 50 percent of its purchase with cash and puts the rest on credit. How will the
company record this transaction, assuming it uses a perpetual system?
O A Inventory (debit) 7,500; Cash (credit) 3,750; Accounts receivable (credit) 3,750
OB. Inventory (debit) 7,500; Cost of goods sold (credit) 7,500; Accounts payable (credit) 3,750
OC. Inventory (debit) 7,500; Cash (credit) 3,750, Accounts payable (credit) 3,750
OD. Inventory (debit) 7,500; Purchase (credit) 7,500, Accounts receivable (credit) 3,750
Answers: 2
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