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a. 3. Under the perpetual inventory system what is the correct entry for the credit purchase of 5 washing machines at $300 per washing machine
a. 3. Under the perpetual inventory system what is the correct entry for the credit purchase of 5 washing machines at $300 per washing machine plus GST? (GST = 10%) Dr Inventory $1,650; Cr accounts payable $1,500; Cr GST $150. b. Dr Inventory $1,650; Cr Accounts Payable $1,650. Dr Accounts Payable $1,650; Cr Inventory $1,500, Cr GST $150. d. Dr Inventory $1,500, Dr GST $150; Cr Accounts Payable $1,650 Dr inventory $1,500; Cr Accounts payable $1,500. C. e
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