ABC Merchandising Company recognized $1,500 of cash reverwe from the sale of merchandise which had a com Freight costs of $50 were paid in cash by the responsible party. Freight terms were FOB Destination Account Inventory Cash Debit 50 Credit Which one of the following journal entries would correctly record ABC Merchandising Company's freight cos? 50 Account Cash Revenue Debit 50 Credit 50 O Account Cost of Goods Sold Cash Debit 50 Credit 50 Credit Account Freight Expense Cash Debit 50 50 The customer incurred the freight costs. MacBook Pro