BA2223section3 Quiz: 2020quiz7 This Question: 1 pt 5 of 9 (4 complete) The journal entry for the purchase of inventory on account using the perpetual inventory system is Date Accounts and Explanation Debit Credit O A. Merchandise Inventory XXX Accounts Receivable XXX OB. Merchandise Inventory XXX Accounts Payable XXX C. Merchandise Inventory XXXX Cash XXX O D. Accounts Payable XXX Merchandise Inventory XXX