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13. On April 208, Jack traders purchased RO 25,500 of merchandise and paid cash . What is the journal entry to record this in the
13.
On April 208, Jack traders purchased RO 25,500 of merchandise and paid cash . What is the journal entry to record this in the books of buyer under the perpetual inventory system? a. Merchandise inventory RO 25,500 Dr / Cash RO 25,500 Cr b. Cash RO 25,500 Dr / Merchandise inventory RO 25,500 Cr c. Account payable RO 25,500 Dr / Merchandise inventory RO 25,500 Cr d. Account payable RO 25,500 Dr / Cash 25,500 CrStep by Step Solution
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