Question: Question content area top Part 1 When using the periodic inventory system, the Merchandise Inventory account is _ _ _ _ _ _ _ _

Question content area top
Part 1
When using the periodic inventory system, the Merchandise Inventory account is________.
Question content area bottom
Part 1
A.
replaced on the balance sheet with the Purchases account
B.
never used when recording purchase discounts, or returns of inventory
C.
updated after each sale
D.
not used

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