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XYZ Incorporated purchased and received $1,800 worth of goods on credit to be sold in its stores. How would the transaction be recorded if it

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XYZ Incorporated purchased and received $1,800 worth of goods on credit to be sold in its stores. How would the transaction be recorded if it uses a periodic system of inventory reporting? O a. The transaction would not be recorded at this time. O b. Dr. Purchases $1,800, Cr. Accounts payable $1,800 Oc Dr. Accounts receivable $1,800, Cr. Revenue $1,800 O d. Dr. Inventory $1,800, Ct. Expenses $1,800 e. Dr. Inventory $1,800, Cr. Accounts payable $1,800

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