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Under the perpetual inventory system what is the correct entry for the credit purchase of 5 washing machines at $300 per washing machine plus GST
Under the perpetual inventory system what is the correct entry for the credit purchase of 5 washing machines at $300 per washing machine plus GST of $30 each? Select one: O a Debit Inventory $1,650: Credit Accounts payable $1,500: Credit GST paid $150 Ob. Debit inventory $1,650; Credit Accounts payable $1,650 OC Debit Accounts payable $1,650; Credit Inventory $1.500; Credit GST paid $150 od Debit Inventory $1.500; Debit GST paid $150: Credit Accounts payable $1,650 .e. Debit Purchases $1,650: Credit GST paid $150: Credit Accounts payable 51,500
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