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2. In the perpetual inventory system, the journal entry to record a purchase of merchandise on account is: A. Debit Merchandise Inventory ' Credit Cash

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2. In the perpetual inventory system, the journal entry to record a purchase of merchandise on account is: A. Debit Merchandise Inventory ' Credit Cash B. Debit Merchandise Inventory Credit Account Payable C. Debit Purchases Credit Account Payable D. Debit Account Receivable Credit Purchases

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