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.60 Help Save & Exit Sud Morgan, Inc. uses a perpetual inventory system and the net method of recording purchases. On May 12, a merchandise

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.60 Help Save & Exit Sud Morgan, Inc. uses a perpetual inventory system and the net method of recording purchases. On May 12, a merchandise purchase of $19,600 was made on credit, 3/10./30. The journal entry to record this purchase is: Multiple Choice Merchandise Inventory Accounts Payable 19.013 19.01 Trebase Accounts Payable 19,015 19.012 recounts Payable Merchandise tentory 19,600 Purchases Boots Payable Merchandise vantasy e Payable 19.500 $ 2 3 5 & 7 6 3 0 00 9 W E R T Y U 1 o ( S D F G H J L C V > B N

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