Question
Assuming a periodic inventory system is used, freight charges on merchandise purchases should be debited to: Multiple Choice the Freight In account. the Accounts Payable
Multiple Choice
the Freight In account.
the Accounts Payable account.
the Purchases account.
the creditor's account in the subsidiary ledger.
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
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