The journal entry to sell merchandise on account under a periodic inventory system includes a

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The journal entry to sell merchandise on account under a periodic inventory system includes a credit to Sales, as it represents revenue earned from the sale. The transaction does not affect the Cost of Goods Sold, Inventory, or Purchases accounts, as these accounts are only affected when merchandise is purchased or sold on credit. The entry also involves a credit to Accounts Receivable, representing the amount due from the customer for the sale.

The Journal Entry to Sell Merchandise on Account Under a Periodic