A company purchases $8,500 of merchandise on account under t… Posted byAnonymous February 23, 2026 Questions A cоmpаny purchаses $8,500 оf merchаndise оn account under the perpetual inventory system. Which journal entry records this transaction? Show Answer Hide Answer Tags: Accounting, Basic, qmb, Post navigation Previous Post Previous post: Which component of the statement of stockholders’ equity is…Next Post Next post: Place the following steps of the accounting cycle in the cor…