In a perpetual inventory system, the entry to record the purchase of merchandise inventory on account would require a O debit to the Merchandise Inventory account and a credit to the Cash account. O debit to the Accounts Payable account and a credit to the Merchandise Inventory account. O debit to the Merchandise Inventory account and a credit to the Accounts Payable account. O credit to the Merchandise Inventory account and a debit to the Accounts Receivable account.

In a perpetual inventory system, the entry to record the purchase of merchandise inventory on account would require a debit to the Merchandise Inventory account and a credit to the Cash account. debit to the Accounts Payable account and a credit to the Merchandise Inventory account. debit to the Merchandise Inventory account and a credit to the Accounts Payable account. credit to the Merchandise Inventory account and a debit to the Accounts Receivable account