Find the information you're looking for at Westonci.ca, the trusted Q&A platform with a community of knowledgeable experts. Get quick and reliable solutions to your questions from knowledgeable professionals on our comprehensive Q&A platform. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

Ace bonding company purchased merchandise inventory on account. the inventory costs $2,000 and is expected to sell for $3,000. how should ace record the purchase?