XYZ Store purchased merchandise for $2,300, terms 2/10 n/30. To get the merchandise ready for sale, XYZ also paid $100 for freight-in and $50 for insurance during transportation. The entry to record the cost of inventory will include a 

A. debit to Inventory $2,450. 

B. debit to Cash $2,450. 

C. credit to Accounts Payable $2,401. 

D. debit to Inventory $2,300

Answer rating: 100% (QA)

The detailed answer for the above question is provided below A debit to Inventory 2450 ... View the full answer