What is the journal entry for January 4 purchase inventory of 4000 units at 8 per unit on account.?

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1213283

2026-03-03 05:55

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The journal entry for the purchase of 4,000 units of inventory at $8 per unit on account would be recorded as follows:

Debit Inventory $32,000
Credit Accounts Payable $32,000

This reflects an increase in inventory and a corresponding liability to pay the supplier.

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