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A a company uses the Perpetual inventory system and makes a purchase of inventory on open account wh

A a company uses the Perpetual inventory system and makes a purchase of inventory on open account which of the following is the correct journal entry to record this purchase?A a a debit to the Assets Office Supplies and a credit to cash. B a debit to merchandise inventory and a credit to accounts payable. C a debit to merchandise inventory and a credit to cash. D a debit to sales returns and allowances and a credit to cost of good sold. E none of the above

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