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sectual inventorsustem we learned from class, if the business bought $3,000 inventory from ABC Inc on Jan9, 2020 and on Jan11, business received a credit
sectual inventorsustem we learned from class, if the business bought $3,000 inventory from ABC Inc on Jan9, 2020 and on Jan11, business received a credit memo $350 from ABC Inc. The accounting entry should be recorded on A Dr. Accounts Payable ABC Inc. 350 and Cr. Inventory 350 & D ABC Inc. and Cr. Purchase 350 OC. Dr. Accounts Receivable 350 Cr. Inventory 350 CD Dr ABC Inc and Cr. Inventory 350
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