Elance Exams Answers PDF file

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1/5/2014. Sameh decided to buy inventory . he signed a contract to pay the price which they agreed on next week .knowing that inventory will not be shipped until cash is paid so what is the entry should be recorded in 1/5/2014

;Debit.inventory; Credit note payable
Debit.inventory ;Credit account receivable
Debit.inventory ; Credit cash
No entry
Debit.inventory ; Credit account payable
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