acquired merchandise inventory costing $10,000 - 9919

Solution Posted by


Rating : No Rating
Solution Detail
Price: $1.00
  • From: ,
  • Posted on: Fri 18 May, 2012
  • Request id: None
  • Purchased: 0 time(s)
  • Average Rating: No rating
Request Description

The Rebecca Company acquired merchandise inventory costing $10,000 on September 1. The company will not pay for the inventory until October 1. This transaction will affect the Rebecca Company by increasing the Merchandise Inventory account by $10,000 and _____. 

A. decreasing the Capital account by $10,000 

B. increasing the Capital account by $10,000 

C. increasing the Accounts Payable account by $10,000 

D. decreasing the Accounts Payable account by $10,000 

Solution Description