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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 Seller Is Liable for the Shipping Costs, the Payment
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When the Seller Is Liable for the Shipping Costs, the Payment

Question 66

Question 66

Multiple Choice

When the seller is liable for the shipping costs, the payment for the freight in the seller's accounts is recorded with a debit to:


A) Delivery Expense or Freight Out.
B) Freight In.
C) Inventory.
D) Cash.

Correct Answer:

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