account balance should be increased by what amount as a direct result of purchas

Accounting
Tutor: None Selected Time limit: 1 Day

On April 14, 2010, Mattingly Furniture bought 200 coffee tables at $100 each from Mississippi Pine Warehouse. Shipping terms are FOB destination. Total delivery charges are $1,000. Mattingly uses a perpetual inventory system.

Nov 13th, 2014

Merchandise Inventory Debit $20,000

Cash Credit $20,000

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Nov 13th, 2014

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