Which of the following journal entries would be used in a perpetual inventory system to record a purchase of merchandise? Debit Costs of Goods Sold and credit Inventory. Debit Inventory and credit Cost of Goods Sold. Debit Purchases and credit Cash. Debit Inventory and credit Cash.

Which of the following journal entries would be used in a perpetual inventory system to record a purchase of merchandise? Debit Costs of Goods Sold and credit Inventory. Debit Inventory and credit Cost of Goods Sold. Debit Purchases and credit Cash. Debit Inventory and credit Cash