When a merchandising company purchases items they intend to resell, they use the account merchandise inventory. Record the purchases for the companys below.

Daves Doors purchased $40,000 of doors from a supplier on account. Daves intends to resell the doors.

dr. Inventory _____________

cr. Accounts Payable ____________

On April 10^th, Bills Bakery paid $3,000 (cash) for various bakery products that it will sell to customers. Write the appropriate journal entry

On November 5^th, Shellys Shampoo purchased $1,900 worth of hair products on account. Shelly also agreed to pay $50 in shipping. Shelly intends to sell these products to local customers. Record the purchase. Remember the cost of an asset includes ALL costs paid to acquire that asset. This includes shipping to bring Inventory into Shellys possession.