c. $4,500 d. $4,600 Q6: Under a perpetual inventory system, acquisition of merchandise for resale is debited to Merchandise Inventory account. Purchases account. a. b. Supplies account. Cost of Goods Sold account. c. d. Q7: If a purchaser using a perpetual system agrees to freight terms of FOB shipping point, then the a. Merchandise Inventory account will be increased b. Merchandise Inventory account will not be affected. c. seller will bear the freight cost. d. carrier will bear the freight cost. recent nurchase of