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A merchandiser purchased inventory on account for $10,000. In a periodic inventory system, the journal entry to record the purchase would include ________. A) a

A merchandiser purchased inventory on account for $10,000. In a periodic inventory system, the journal entry

to record the purchase would include ________.

A) a debit to Purchases for $10,000 and a credit to Accounts Payable for $10,000

B) a debit to Accounts Payable for $10,000 and a credit to Purchases for $10,000

C) a debit to Merchandise Inventory for $10,000 and a credit to Accounts Payable for $10,000

D) a debit to Accounts Payable for $10,000 and a credit to Merchandise

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