Using a perpetual inventory system, the purchase of $30,000 of merchandise on account would include a(n):

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Under a perpetual inventory system, the purchase of merchandise on account would result in an increase in Merchandise Inventory account, as the inventory is recorded at the purchase price. There is no impact on sales because sales do not occur until the merchandise is sold. Therefore, options A and D can be eliminated. There is no decrease in Merchandise Inventory in this scenario, so option C can also be eliminated.

Using a Perpetual Inventory System, the Purchase of $30,000 of Merchandise