Answer:
You did not include the price they bought the units at.
I will assume this price is $5.
= 5 * 1,000
= $5,000
Recording it will be:
Account Debit Credit
Merchandise Inventory $5,000
Accounts Payable $5,000
You must realize that it depends on the function ...
something that you've kept hidden from us.
Hello there,
We measure capacity because it's useful for everything. Capacity, for example, is how much milk do you need in a cake recipe. Without measuring the capacity of milk, it could be too liquidy or too dry.
Hope this helps!
