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    Horngrens Accounting Study Set 2
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    Exam 5: Merchandising Operations and the Accounting Cycle
  5. Question
    When the Buyer Pays the Freight Costs, the Entry to Record
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When the Buyer Pays the Freight Costs, the Entry to Record

Question 169

Question 169

Multiple Choice

When the buyer pays the freight costs, the entry to record the payment under a perpetual inventory system would include a debit to:


A) Delivery Expense.
B) Purchases Discounts.
C) Inventory.
D) Freight In.

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