Question: Please show your work, please! 5. On April 14, 2010, Mattingly Furniture bought 200 coffee tables at $100 each from Mississippi Pine Warehouse. Shipping terms
Please show your work, please!
5. On April 14, 2010, Mattingly Furniture bought 200 coffee tables at $100 each from Mississippi Pine Warehouse. Shipping terms are FOB destination. Total delivery charges are $1,000. Mattingly uses a perpetual inventory system. Mattingly's inventory account balance should be increased by what amount as a direct result of this purchase? a. $0 b. $1,000 c. $19,000 *d. $20,000 e. $21,000
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