Need to be able to joural a set of entries that involve the purchase of inventor

Question

Need to be able to joural a set of entries that involve the purchase of inventory using a periodic inventory system. a periodic inventory uses the accounts, Purchases for the purchase of inventory and the account. Purchase discounts for discounts received from the vendor. Inventory purchased on account would be a creidt to accounts payable
a. example of a journal entry involving the purchase of inventory
Purchased $400 of inventory on account
1. entry
debit credit
purchases $400
accounts payable $400

Explanation / Answer

Journal entry will be :- ddmmyy Purchases Dr 400 Acct Payable Cr $400

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