18. If a purchaser using a perpetual system agrees to freight terms of FOB shipping point, then the A) Inventory account will be increased. B) Inventory account will not be affected. C) seller will bear the freight cost. D) carrier will bear the freight cost. 19. Freight costs paid by a seller on merchandise sold to customers will cause an increase A) in the selling expense of the buyer. B) in operating expenses for the seller. C) to the cost of goods sold of the seller. D) to a contra-revenue account of the seller. 20. McIntyre Company made a purchase of merchandise on credit from Marvin Company on August 8, for $8,000, terms 3/10, n/30. On August 17, McIntyre makes the appropriate payment to Marvin. The entry on August 17 for McIntyre Company is: A) Accounts Payable 8.000 Cash 8,000 7.760 B) Accounts Payable Cash 7,760 8,000 C) Accounts Payable Purchases Returns and Allowances Cash 240 7,760 8,000 D) Accounts Payable Inventory Cash 240 7,760