10 Freight-In Accounts Payable Cash 1,500 10 1,500 @d. Purchases Accounts Payable 1,500 QUESTION 6 April 24. Joe Retailer sold to Customer A, on account, merchandises vlaued at $10.500, credit terms 2/10, 1/30. The merchandises had originally cost Joe Retailer $8.500. What is the Jounal Entry in Joe Retailer's books under the Perpetual Inventory System? 10.500 a. Accounts Receivable Sales Revenue 10.500 10.500 b. Purchases Accounts Payable 10.500