question Completion Status: QUESTION 50 Morgan, cues a perpetual inventory system and the net method of recording purchases. On May 12 amerhandise purchase of $15.000 was made on credit, 20 / The journal entry to record this purchases Merchandise inventory 15.00 Accounts Payable 1 5 .000 counts Payable 15.000 Marchandise investory Purchases 14.700 Accounts Payable 14.70