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You are bookkeeper for a plumbing supply store. Today, you receive a delivery of new items from your wholesaler. What is the appropriate accounting
You are bookkeeper for a plumbing supply store. Today, you receive a delivery of new items from your wholesaler. What is the appropriate accounting entry to record this event? A Debit Inventory, Credit to Cost of Goods Sold B Debit to Accounts Receivable, Credit to Accounts Payable Debit Supply Expense, Credit to Prepaid Expenses D Debit to Inventory, Credit to Accounts Payable
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