5
A company purchases inventory, from a manufacturer for $87,000, plus 5% HST. The purchase is made on account.
Required:
Prepare the journal entry to record the acquisition of inventory. (if no entry is required for a transaction/event, select "No journal
entry required" in the first account field.)
View transaction list
Journal entry worksheet
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1
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Prepare the journal entry to record the acquisition of inventory:
Note: Enter debits before credits.
Transaction
1
General Journal
Debit
Credit
Record entry
Clear entry
View general journal