What accounts are used to recognize a retailers purchase from a manufacturer on credit? A. Accounts receivable,
Question:
What accounts are used to recognize a retailer’s purchase from a manufacturer on credit?
A. Accounts receivable, merchandise inventory
B. Accounts payable, merchandise inventory
C. Accounts payable, cash
D. Sales, accounts receivable
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
Question Posted: