The journal entry for the purchase of inventory on account is
|
a. |
Inventory |
XXX |
|
|
Accounts receivable |
XXX |
||
|
b. |
Accounts payable |
XXX |
|
|
Inventory |
XXX |
||
|
c. |
Inventory |
XXX |
|
|
Accounts payable |
XXX |
||
|
d. |
Inventory |
XXX |
|
|
Cash |
XXX |