Under the periodic inventory system, the journal entry to record the purchase of merchandise inventory will include a debit to

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Under the periodic inventory system, purchases of merchandise are recorded by debiting the Purchases account, not the Merchandise Inventory account. This approach is used to accumulate the cost of purchases during the period, which will then be used to calculate the cost of goods sold at the end of the period.

Under the Periodic Inventory System, the Journal Entry to Record