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Business, 06.05.2020 05:01 genyjoannerubiera

The journal entry for the purchase of inventory on account using the perpetual inventory system is

Date Accounts and Explanation Debit Credit
A. Merchandise Inventory xxx
Accounts Payable xxx
B. Accounts Payable xxx
Merchandise Inventory xxx
C. Merchandise Inventory xxx
Cash xxx
D. Merchandise Inventory xxx
Accounts Receivable xxx

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