When paying freight on goods purchased, a buyer using the perpetual inventory system should debit a. Inventory

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When paying freight on goods purchased, a buyer using the perpetual inventory system should debit

a. Inventory only.

b. Freight-Out only.

c. Inventory or Freight-Out.

d. Freight-Out or Delivery Expense.

Related Book For answer-question

Introduction to Accounting An Integrated Approach

ISBN: 978-0078136603

6th edition

Authors: Penne Ainsworth, Dan Deines

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Posted Date: Apr 19, 2021 04:36 PM

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When paying freight on goods purchased, a buyer using the perpetual inventory system should debit a. Inventory

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The answer is a Inventory only Because under Perpetual Inventory system the Buyer ... View the full answer

Introduction to Accounting An Integrated Approach

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