13.Beeler Company paid $1,250 cash on freight for inventory purchased from Taylor Inc. What is the journal entry Beeler Co. should record for the freight costs if the goods were shipped FOB Shipping Point? A Debit Inventory, Credit Cash B. Debit Inventory, Credit Transportation Revenue Debit Transportation Out Expense, Credit Cash Debit Transportation Out Expense, Credit Cost of Goods Sold E. No entry is needed by Beeler Co. 14. Alfa company returns merchandise previously purchased on account. Alfa didn't pay for the merchandise yet. Which of the following situation on the purchase return is the correct one on the financial statements? Assets Liab. + Stk. Equity Rev. Exp. Net Inc. Stmt of Cash Flows A. + NA + NA +OA B. + NA NA NA NA NA C. + NA T NA NA NA NA +OA D. + NA NA NA a A. A B.B D QUESTION 15 15. Consider the following T-account in the ledger of Gibbs Company. The company uses the perpetual inventory system. Merchandise Inventory 5,000 400 What business event would result in the $400 credit? A. A sales return by a costumer. B. The Cost of goods sold. C. A sales discount granted to a costumer. D. A purchase of inventory