The journal entry to purchase merchandise under a periodic inventory system includes a:

Name: The journal entry to purchase merchandise under a periodic inventory system includes a:
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Under a periodic inventory system, the purchase of merchandise is recorded by debiting the Purchases account, not the Inventory account. This approach is used until the end of the accounting period, when the total purchases are then used to update the Inventory account balance.

The Journal Entry to Purchase Merchandise Under a Periodic Inventory