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A company uses the perpetual inventory system. It sellers merchandise to a customer and it pays a common carrier (e.g., FedEx) to ship merchandise to
A company uses the perpetual inventory system. It sellers merchandise to a customer and it pays a common carrier (e.g., FedEx) to ship merchandise to a customer. Besides the cash account, what account will the seller record when it pays the common carrier? Freight-out O Inventory Cost of goods sold Freight-in Revenue
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