Which of the following entries would be made to record the purchase of inventory on account, if a company uses the perpetual inventory system?

Group of answer choices

a debit to Purchases and a credit to Accounts Payable

a debit to Accounts Payable and a credit to Purchases

a debit to Merchandise Inventory and a credit to Accounts Payable

a debit to Accounts Payable and a credit to Merchandise Inventory

Which of the following is not recorded in a modern perpetual inventory system?

Group of answer choices

units purchased and cost amount

units sold and sales and cost amounts

customer account numbers and balances owed from the sale of merchandise inventory

the quantity of merchandise inventory on hand and its cost