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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 entry
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 Supply expense, credit to prepaid expense, c) Debit to accounts receivable, credit to accounts payable, d) Debit to inventory, credit to accounts payable
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