The following transactions apply to a company that uses a periodic inventory system.For each transaction,state which accounts are used and whether the account is debited or credited.All transactions involve the purchase of inventory.

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The Answer of The following transactions apply to a company that uses a periodic inventory system.For each transaction,state which accounts are used and whether the account is debited or credited.All transactions involve the purchase of inventory.

The Following Transactions Apply to a Company That Uses a Periodic