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A company purchases merchandise for $500 plus a freight charge of $50 from a supplier, payment is due in 30 days. This transaction will be
A company purchases merchandise for $500 plus a freight charge of $50 from a supplier, payment is due in 30 days. This transaction will be recorded with which of the following entries Check all that apply. Credit to accounts payable for $550 debit to purchases for $500 debit to accounts payable for $550 credit to purchases for $500 credit to freight in for $50
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