Avery Supplies uses a periodic inventory system. Avery purchased $10,000 of inventory on account. The terms were 3/10, n/30. The purchase was made on February 1. Avery paid the shipper $250 cash for freight in. How should Avery properly record the freight in?

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The Answer of Avery Supplies uses a periodic inventory system. Avery purchased $10,000 of inventory on account. The terms were 3/10, n/30. The purchase was made on February 1. Avery paid the shipper $250 cash for freight in. How should Avery properly record the freight in?

Avery Supplies Uses a Periodic Inventory System