Multiple Choice
Which of the following entries would be made to record the purchase of inventory on account,if a company uses the perpetual inventory system?
A) a debit to Purchases and a credit to Accounts Payable
B) a debit to Accounts Payable and a credit to Purchases
C) a debit to Merchandise Inventory and a credit to Accounts Payable
D) a debit to Accounts Payable and a credit to Merchandise Inventory
Correct Answer:

Verified
Correct Answer:
Verified
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