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Indicate the proper journal entry to record payment of an Account Payable from an inventory purchase: estion 13 ot yet swered Sints out of _00

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Indicate the proper journal entry to record payment of an Account Payable from an inventory purchase: estion 13 ot yet swered Sints out of _00 Flag Select one: a. Debit Cash, credit Inventory b. Debit Accounts Payable, credit Cash c. Debit Inventory, credit Cost of Goods Sold d. Debit Accounts Payable, credit Cost of Goods Sold e. Debit Inventory, credit Cash question Question 14 A bookkeeper erroneously recorded a $4 accrual of wages payable using this journal entry: Not yet answered Points out of 3.00 Sales Discount $4 P Flag question Depreciation Expense $4 Indicate the effect of the error on Net Income, Assets, and Liabilities, respectively: Select one: a. No Error, Understated, No Error b. Overstated, No Error, Understated c. No Error, No Error, Understated d. Understated, No Error, Understated e. Overstated, Understated, No Error

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