The Merchandise Inventory account is debited when goods are purchased for resale and credited when goods are sold and delivered to customers.

Name: The Merchandise Inventory account is debited when goods are purchased for resale and credited when goods are sold and delivered to customers.
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The Answer of The Merchandise Inventory account is debited when goods are purchased for resale and credited when goods are sold and delivered to customers.

The Merchandise Inventory Account Is Debited When Goods Are Purchased