4 Morgan, Incorporated uses a perpetual inventory system and the net method of recording purchases. On May 12, a merchandise purchase of $20,200 was made on credit, 2/10, n/30. The journal entry to record this purchase is: 2092729 Multiple Choice Account Title Debit Credit Merchandise Inventory 19,796 Accounts Payable 19,796 Account Title Debit Credit Accounts Payable 20,200 Merchandise Inventory 20,200 C Account Title Debit Credit Purchases 20,200 Accounts Payable 20,200 Account Tista nahit