Wright Company recently made a $10,000 purchase from a major supplier. Shipping costs were $200, terms FOB shipping point. To record this purchase, Wright Company will need to debit the Cost of Goods Sold account for $10,200 Cost of Goods Sold account for $200 Merchandise Inventory account for $10,000 O Merchandise Inventory account for $10,200 Assuming a purchase on account not yet paid, a purchase return in a perpetual inventory system requires a debit to Accounts Payable and a credit to Merchandise Inventory. debit to Sales Returns and Allowances and a credit to Accounts Receivable. Odebit to Cost of Goods Sold and a credit to Merchandise Inventory. O debit to Sales Revenue and a credit to Merchandise Inventory