Question: Record the following transaction in a transaction analysis chart for the buyer: Bought merchandise for $9,000 on account. Shipping terms were F.O.B. destination. The cost

Record the following transaction in a transaction analysis chart for the

Record the following transaction in a transaction analysis chart for the buyer: Bought merchandise for $9,000 on account. Shipping terms were F.O.B. destination. The cost of shipping was $300. Assume the perpetual inventory system. Accounts Affected Category Increase/Decrease Rules Amount V Accounts Payable Accounts Receivable Cash Merchandise Inventory Purchases

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