Question: Current Attempt in Progress Your answer is incorrect. Under a perpetual inventory system, cash purchases and credit purchases are debited to Inventory. Inventory ( for

Current Attempt in Progress
Your answer is incorrect.
Under a perpetual inventory system, cash purchases and credit purchases are debited to
Inventory.
Inventory (for cash purchases) and Accounts Payable (for credit purchases).
Cash (for cash purchases) and Inventory (for credit purchases).
Accounts Payable.
Current Attempt in Progress Your answer is

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