On October 31, Janoch's Dog Kennel purchased $1,500 of merchandise on account from the Ganster Company. The goods were shipped F.O.B. shipping point. The freight charge of $90 was paid by Ganster Company and added to the invoice. What is the amount to record in the Merchandise Inventory account?

Answer rating: 100% (QA)

The merchandise was shipped FOB shipping point which means the title and the risks of the good... View the full answer