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Business, 01.03.2021 21:30 laurieburgess804

The journal entry for the purchase of inventory on account using the perpetual inventory system is A. Accounts and Explanation Debit Credit Merchandise Inventory xxx Accounts Payable xxx B. Accounts and Explanation Debit Credit Merchandise Inventory xxx Cash xxx C. Accounts and Explanation Debit Credit Accounts Payable xxx Merchandise Inventory xxx D. Accounts and Explanation Debit Credit Merchandise Inventory xxx Accounts Receivable xxx

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