In perpetual inventory system we learned from class, if the merchandise business bought inventory on account, the accounting entry for this purchase will be OA. Dr. Inventory and Cr. Cash OB. Dr. Purchase and Cr. Cash O C. Dr. Purchase and Cr. Accounts Payable O D. Dr. Inventory and Cr. Accounts Payable In perpetual inventory system we learned from class, if an inventory item was purchased from Alpha Inc. on account on Aug5 for $360 and term is 1/10, n/30, what will be the accounting entry if the business made the payment on Aug8. OA. Dr. Alpha Inc. 360, Cr Cash 360 OB. Dr. Accounts Payable -Alpha Inc. 360, Cr. Cash 356.40 and Inventory 3.6 O C. Dr. Alpha Inc. 360 Cr. Cash 356.40 and Inventory 3.6 OD. Dr. Accounts Payable- Alpha Inc. 360, Cr. Cash 360 and Inventory 3.6