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what is the effect of the purchase of $36,000 of merchandise on account using the perpetual inventory system: a) increase in sales and increase in
what is the effect of the purchase of $36,000 of merchandise on account using the perpetual inventory system:
a) increase in sales and increase in accounts receivable
b) increase in merchandise inventory and decrease in cash
c)increase in merchandise inventory and increase in accounts payable
d)decrease in sales and increase in merchandise inventory
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