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Ghoulie Inc. buys $2,000 of inventory in exchange for a promise to pay in 30 days. Which journal entry should Ghoulie Inc. record? Group of
Ghoulie Inc. buys $2,000 of inventory in exchange for a promise to pay in 30 days. Which journal entry should Ghoulie Inc. record? Group of answer choices DR: Accounts Payable 2,000; CR: Inventory 2,000 No entry until cash is paid DR: Inventory 2,000; CR: Accounts Payable 2,000 DR: Inventory 2,000; CR: Cash 2,000
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Financial accounting
Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas
8th Edition
9780135114933, 136108865, 978-0136108863
