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1-4 please and thank you Shoes Plus bought some new shoes for its fashion line and is required to pay the freight costs. The freight
1-4 please and thank you
Shoes Plus bought some new shoes for its fashion line and is required to pay the freight costs. The freight terms are: A. F.O.B. destination. B. F.O.B. shipping point. C. 3/10,n/30. D. B and C are correct. Sam's Online Service on April 30 has the following transactions: MerchandiseInventorypurchasedMerchandiseInventoryreturned$27,0002,000 If Sam's is offered a 2% discount, but does not pay the invoice in time to receive the discount, how much does Sam owe? A. $24,500 B. $27,000 C. $2,000 D. $25,000 The accounts payable subsidiary ledger: A. lists accounts alphabetically. B. lists accounts for which the company owes money. C. has a controlling account in the general ledger. D. All of the above are correct. Returned merchandise for credit under the perpetual inventory method. This will be recorded with: A. a credit to Accounts Payable and a debit to Merchandise Inventory. B. a debit to Accounts Payable and a credit to Sales Returns and Allowances. C. a debit to Sales Returns and Allowances and a credit to Merchandise Inventory. D. a debit to Accounts Payable and a credit to Merchandise InventoryStep by Step Solution
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