22. (CLO2. PLO5, ZULOI) Permanent accounts are the accounts of Assets, expenses and owners' equity Dividends, assets and liabilities Liabilities, assets and owners' equity dividends, retained camnings, assets and liabilities Question 23 25. (CLOS, PLOS, ZULOI) The journal entry for purchase of inventory on account will require : O debit to cost of goods sold and credit to inventory O debit to inventory and credit to accounts payable O debit to inventory and credit to accounts receivable debit to sales returns and credit to revenues 12:32