Aries Inc. buys merchandise from Andy Co. on account, $1,900, terms free on board (FOB) shipping point

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Aries Inc. buys merchandise from Andy Co. on account, $1,900, terms free on board (FOB) shipping point and pays the freight cost of $50. Identify the transaction's effect on the working capital of Aries Inc.

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Accounting Principles

ISBN: 978-0470533475

9th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Posted Date: Jan 17, 2021 04:47 AM

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Aries Inc. buys merchandise from Andy Co. on account, $1,900, terms free on board (FOB) shipping point

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Accounting Principles

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