Freight paid by the seller to a customer's business is recorded as a
A) credit to Sales.
B) debit to Sales.
C) debit to an operating expense.
D) credit to Cost of Goods Sold.
Correct Answer:
Verified
Q85: Sales revenues are usually considered earned when
A)cash
Q86: When a customer returns merchandise, the entry
Q87: Evidence of cash sales is usually supported
Q88: A Refund Liability account is not debited
Q89: Giving a customer a sales allowance
A)increases the
Q91: A sales invoice is prepared when goods
A)are
Q92: A purchase invoice is a document that
A)provides
Q93: When management estimates a rate for return,
Q94: The respective normal account balances of Sales,
Q95: The Estimated Inventory returns account is a(n)
A)liability
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