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The purchase of merchandise on account in a perpetual system is recorded with a debit to ________ and a credit to ________: Inventory Accounts Payable

The purchase of merchandise on account in a perpetual system is recorded with a debit to ________ and a credit to ________:

Inventory Accounts Payable

Accounts Payable Inventory

Inventory Accounts Receivable

Accounts Receivable Inventory

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