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gOOvER gOOvER
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6 years ago
If the shipping terms are FOB shipping point and the freight bill is $200, the purchaser, using a perpetual inventory system would record payment of the freight with a debit to:
A) Inventory and credit to Cash for $200.
B) Accounts Payable and credit to Inventory for $200.
C) Inventory and credit to Purchases Discounts for $200.
D) Purchases Discounts and credit to Inventory for $200.
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
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HanoiHanoi
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6 years ago
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gOOvER Author
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5 years ago
Hopefully I pass my course
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