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18 Fecopderpetual inveritory system, a roturn of defective medechancion by a purchaser in b. Purchasesecting Purchase Returns. c. Purchase 19. In a perpetual inventory system, the inventory account is used in each of the following except the entry to record a. goods purchased on account. b. the return of goods purchased. d. payment within the discount period. 20. Dawn Company uses a perpetuat inventory system made a purchase of merchanoise on credit from Wagne Corporation on August 3, for $7,000, terms 2/10, n/45. On August 10 , Dawn makes the appropriate payment to Wagne. The entry on August 10 for Dasn a. Accounts Payable Cash b. Accounts Payable Cash c. Accounts Payable Purchase Returns and Allowances Cash d. Accounts Payable Inventory 7,000 Cash 6,860 7,000 7.000 7,000 6,860 140 6,860 140 6,660 21. Under a periodic inventory system, acquisition of merchandise is debited to the a. Inventory account. b. Cost of Goods Sold account. c. Purchases account. d. Accounts Payable account