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Business, 03.01.2022 03:30 maddie53116
If a merchandising company uses a perpetual inventory system, then its journal entry to
record a separate payment for the freight on goods delivered to its place of business
would include
•a debit to the cost of merchandise sold account
• a debit to the freight-in expense account
• a credit to the merchandise inventory acount
• a debit to the merchandise inventory account
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Answers: 2
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If a merchandising company uses a perpetual inventory system, then its journal entry to
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