Question 24 Select the correct analysis and entry for the following transaction for ABC Company. ABC sold $6,500 of merchandise inventory on account, FOB Destination. The shipping cost of $65 were paid in cash by the appropriate party. Select the option that represents how ABC should record the shipping cost. Option A Inventory Account DR CR 65 Cash 55 65 Account DR CR Option B Shipping Expense 65 65 Cash 65 55 Account DR HO CR Option C Freight-Out 65 Accounts Payable 65 Account DR CR Option D Cash 65 Inventory 65 Option E No Entry Required - Buyer Pays Freight O Option A O Option B