The Rebecca Company acquired merchandise inventory costing $10,000 on September - 1968

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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 Accounts Payable account by $10,000 

B. decreasing the Capital account by $10,000 

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

D. increasing the Capital account by $10,000  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 Accounts Payable account by $10,000 

B. decreasing the Capital account by $10,000 

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

D. increasing the Capital account by $10,000 

Solution Description

 The Rebecca Compan