The journal entry to record the purchase of $7,500 of inventoryon account under the perpetual inventory system is: A. debitInventory, $7,500; credit Cash, $7,500. B. debit Purchases,$7,500; credit Accounts Payable, $7,500. C. debit Inventory,$7,500; credit Accounts Payable, $7,500. D. debit Cost of GoodsSold, $7,500; credit Inventory, $7,500.
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