Bach, Inc. purchased merchandise from Mozart Co. for cash. The journal entry for Bach, Inc. under a perpetual inventory system will be:

A) debit Inventory; credit Cash.
B) debit Cash; credit Inventory.
C) debit Inventory; credit Accounts Payable-Mozart Co.
D) debit Inventory; credit Accounts Receivable-Mozart Co.


A) debit Inventory; credit Cash.

Business

You might also like to view...

Which of the following data validation controls is a numeric value computed to provide assurance that the original value has not been altered in construction or transmission?

A. Encryption. B. Hash total. C. Parity check. D. Check digit.

Business

Sue is trying to help her coworkers understand the importance of using evidence-based practice (EBP) during their evaluation projects. Which one is an inappropriate explanation about EBP?

a. Practical know-how is a type of knowledge source for evidence. b. EBP is related to making data-driven decisions. c. EBP can mean either utilizing existing evidence or establishing evidence during practice. d. Quantitative data are more credible evidence than qualitative data.

Business

During World War II, many new scientific and quantitative techniques were developed to assist the military, and these developments were so successful that many companies started using similar techniques in managerial decision making and planning

after the war. Indicate whether the statement is true or false

Business

The Clean Air Act lists ______ substances that are declared to be hazardous air pollutants

a. 506 b. 232 c. 191 d. 17 e. 3

Business