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Both a retailer and a supplier use perpetual inventory systems. The retailer purchased inventory on terms of FOB Destination, 2/15 net 45 from its supplier.
Both a retailer and a supplier use perpetual inventory systems. The retailer purchased inventory on terms of FOB Destination, 2/15 net 45 from its supplier. The next day, the relevant party paid $300 to the shipping company for delivery. A. Which party will pay for shipping costs? e B. What account would be debited when the entry was made
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