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Under the perpetual inventory system, what is the correct entry for the credit purchase of washing machines at $1,500 plus GST of $150? a. Debit
Under the perpetual inventory system, what is the correct entry for the credit purchase of washing machines at $1,500 plus GST of $150? a. Debit Inventory $1,650; Credit Accounts payable $1,650 b. Debit Accounts payable $1,650; Credit Inventory $1,500, Credit GST Paid $150 C. Debit Inventory $1,650; Credit Accounts payable $1,500, Credit GST Paid $150 d. Debit Inventory $1,500, Debit GST Paid $150; Credit Accounts payable $1,650
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