Under the perpetual inventory system,the journal entry to record the freight paid by the seller on goods sold is:

Question

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The journal entry to record the freight paid by the seller on goods sold under perpetual inventory system is to debit Freight-In account and credit Cash account for the amount of freight paid. Choice B matches this criteria. Choices A, C, and D do not have the debit and credit accounts in the correct order.

Under the Perpetual Inventory System,the Journal Entry to Record the Freight