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Under a perpetual inventory system, acquisition of merchandise for resale is debited to the Cost of Goods Sold account. the Supplies account. the Inventory account. the Purchases account.
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Under a perpetual inventory system, acquisition of merchandise for resale is debited to the Cost of Goods Sold account. the Supplies account. the Inventory account. the Purchases account.

User Loudenvier
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Answer:

C. the Inventory account.

Step-by-step explanation:

Under a perpetual inventory system, acquisition of merchandise for resale is debited to the Inventory account.

User Lalit Kumar B
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