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Question 37 1.4 pts Under the Periodic inventory system when merchandise is sold credit the inventory account on the day of sale debit to the

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Question 37 1.4 pts Under the Periodic inventory system when merchandise is sold credit the inventory account on the day of sale debit to the inventory account anytime during the month none of these no entry is made reducing inventory until the end of the period and at that time one entry records the reduction in the inventory

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