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A company purchases product for their electronic store. The purchase made on June 1 included
20 electronic packages at a cost of $550 each. How would you write this entry assuming that this
was a cash purchase.
Cash 11,000
Merchandise inventory 11,000
Electronic package 11,000
merchandise inventory 11,000
Merchandise Inventory 11,000
Cash 11,000
none of the above

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A company purchases product for their electronic store The .pdf

  • 1. A company purchases product for their electronic store. The purchase made on June 1 included 20 electronic packages at a cost of $550 each. How would you write this entry assuming that this was a cash purchase. Cash 11,000 Merchandise inventory 11,000 Electronic package 11,000 merchandise inventory 11,000 Merchandise Inventory 11,000 Cash 11,000 none of the above