Business, 03.01.2022 03:30, maddie53116

If a merchandising company uses a perpetual inventory system, then its journal entry to record a separate payment for the freight on goods delivered to its place of business
would include

•a debit to the cost of merchandise sold account

• a debit to the freight-in expense account

• a credit to the merchandise inventory acount

• a debit to the merchandise inventory account

Answers: 2

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If a merchandising company uses a perpetual inventory system, then its journal entry to record a s...