Under a periodic inventory system, the buyer does not use which of the following accounts in recording the acquisition of merchandise inventory and related transactions?

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Under a periodic inventory system, the buyer does not use the Merchandise Inventory account in recording the acquisition of merchandise inventory and related transactions. Instead, the purchases account is used to record the initial purchase of inventory, and adjustments are made at the end of the period to update the Merchandise Inventory account. The Purchase Returns and Allowances and Purchase Discounts accounts are used to record returns and allowances received and discounts taken on purchases, respectively.

Under a Periodic Inventory System, the Buyer Does Not Use