The proper journal entry to record the receipt of inventory purchased on account in a periodic inventory system would be

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The proper journal entry to record the receipt of inventory purchased on account in a periodic inventory system would be Jan. 1 Purchases 1,600 and Accounts Payable 1,600. This entry reflects an increase in purchases and a corresponding increase in accounts payable, which represents the payment to be made to the supplier for the inventory. The other options are incorrect as Office Supplies and Accounts Receivable are not relevant accounts for recording inventory purchases.

The Proper Journal Entry to Record the Receipt of Inventory