-What-are-the-Journal-entries-a-merchandising-organization-would-use-to-record-the-purchase

This is a discussion question in my class that needs to be answer.I would like for you to use your own words, but if not please cite-in-text with reference.

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What are the journal entries a merchandising organization would use to record the purchase and subsequent sale of merchandise? How would these transactions differ with a periodic versus a perpetual inventory system?

 
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