A company's chart of accounts includes, in part, the following account numbers and corresponding account titles: Account Number (1) (2) (3) (4) (8) (9) Account Title Cash Multiple Choice Merchandise inventory Cost of goods sold Transportation-out Dividends Common stock Selling expense Loss on the sale of land Sales When using a perpetual inventory system, which of the following events is an asset use transaction? Paid cash to purchase inventory Paid cash for transportation-out costs Purchased inventory on account Paid cash for transportation-in costs

A company's chart of accounts includes, in part, the following account numbers and corresponding account titles: When using a perpetual inventory system, which of the following events is an asset use transaction? Multiple Choice Paid cash to purchase inventory Paid cash for transportation-out costs Purchased inventory on occount Poid cash for transportation in costs