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The following lots of Commodity P were available for sale during the year. ...

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Accounting

The following lots of Commodity P were available for sale during the year.
\table[[Beginning inventory,5 units at $61
The entry to journalize the receipt of inventory purchased for cash in a perpetual inventory system would be
Purchases
Accounts Payable
b.
Inventory
Cash
c.
Office Supplies
Cash
d.
Cash
Accounts Receivable
1,500
1,500
1,500
1,500
1,500
1,500
1,500
1,500
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