assuming a periodic inventory system, the journal entry to record the purchase on account of $900 of merchandise with freight of $65 prepaid and added to the invoice is: multiple choice debit purchases $900, debit freight in $65; credit accounts payable $965. debit accounts payable $965, debit freight in $65; credit purchases $900. debit purchases $965; credit accounts payable $965. debit accounts receivable $965; credit sales $965.