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A company records a journal entry that contains a debit to inventory. Which of the following could be a valid entry to complete this journal
A company records a journal entry that contains a debit to inventory. Which of the following could be a valid entry to complete this journal entry? a. Credit cash. b. Credit accounts payable (a liability indicating that the bill will be paid in the future). c. Credit common stock. d. Both a and b are potentially correct.
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