Question
What is the journal entry for a transaction under a periodic inventory system where a company purchases inventory from multiple suppliers on one day ?
What is the journal entry for a transaction under a periodic inventory system where a company purchases inventory from multiple suppliers on one day?
For example:
Dec. 1 Purchase Inventory
5 Widgets from ABC Company at $x
10 Gadgets from XYZ Corp. at $x
1 Robot from POC Inc. at $x
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Federal Tax Accounting 2022
Authors: Frank L. Brunetti
1st Edition
080805631X, 9780808056317
