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Other Fields Homework Help Accounting Topic started by: harra on Sep 19, 2017



Title: In a periodic inventory system, the entry to record the payment of shipping costs by the company ...
Post by: harra on Sep 19, 2017
In a periodic inventory system, the entry to record the payment of shipping costs by the company buying the merchandise when the terms are FOB shipping point would include a:
A) debit to Freight In.
B) debit to Delivery Expense.
C) credit to Cost of Goods Sold.
D) credit to Freight Out.


Title: Re: In a periodic inventory system, the entry to record the payment of shipping costs by the company ...
Post by: Hanoi on Sep 19, 2017
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Title: Re: In a periodic inventory system, the entry to record the payment of shipping costs by the company ...
Post by: harra on Dec 31, 2017
Great answer