The recording of the cost of freight-in under the perpetual inventory system would include a:
A) debit to Freight-In.
B) credit to Merchandise Inventory.
C) debit to Merchandise Inventory.
D) credit to Freight-In.
Correct Answer:
Verified
Q62: When using a perpetual inventory method, what
Q86: If merchandise was bought for Cash,the same
Q87: The return of merchandise to the supplier
Q88: Using the perpetual inventory system,the purchase of
Q89: Determine the amount to be paid to
Q90: Merchandise Inventory is what type of account?
A)Asset
B)Liability
C)Expense
D)Contra-Asset
Q92: Returned merchandise for credit under the perpetual
Q94: Determine the amount to be paid within
Q95: The account used in perpetual inventory to
Q96: Determine the amount to be paid within
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents