Which of the following items does not result in an adjustment in the Inventory account under a
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Which of the following items does not result in an adjustment in the Inventory account under a perpetual system?
(a) A purchase of merchandise.
(b) A return of merchandise to the supplier.
(c) Payment of freight costs for goods shipped to a customer.
(d) Payment of freight costs for goods received from a supplier.
AppendixLO1
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Accounting Tools For Business Decision Making
ISBN: 9781118771112
5th Edition
Authors: Kimmel, Wetlands, Kieso
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