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.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q164: Gross margin minus operating expenses equals income
Q165: The buyer is responsible for the shipping
Q166: Inventory for a business using the periodic
Q167: When goods are shipped FOB destination and
Q168: Green Company purchased $3,600 of merchandise on
Q170: Details of purchase invoices including shipping
Q171: Inventory held by a business is a(n)_
Q172: A merchandiser purchases inventory on account under
Q173: Table 5-5<br>The following items were taken
Q174: The seller is responsible for the shipping