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On June 1 Addison Company purchased S8,000 of inventory on account f inventory system. Thejoumal entry on June 1 by Addison Company includes Gamson Company
On June 1 Addison Company purchased S8,000 of inventory on account f inventory system. Thejoumal entry on June 1 by Addison Company includes Gamson Company Garrison offers a 5% diso nt if p ment is re e ed within 15 days. A son records the purchase using the gross method and the perpetual 0 A, a debit to Irwentory for $7.600 OB. a debit to Inventory for $8,000 O C. a credit to Accounts Payable for $7,600 O D. a credit to Cash for $8,000
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