Transactions involved in the purchases and cash disbursements cycle include: A Debit inventory, credit cash B Debit inventory, credit accounts payable C Debit accounts payable, credit cash D All of these

Transactions involved in the purchases and cash disbursements cycle include: A Debit inventory, credit cash B Debit inventory, credit accounts payable C Debit accounts payable, credit cash D All of these

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter9: Accounting For Purchases And Cash Payments

Section9.4: Accounting For Cash Payments

Problem 5AYU

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Question

Transactions involved in the purchases and cash disbursements cycle include:

A	Debit inventory, credit cash
B	Debit inventory, credit accounts payable
C	Debit accounts payable, credit cash
D	All of these

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