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Clark Corporation uses the perpetual inventory system. Clark Corporation sells merchandise on account for $10,000 with terms 2/10,n/30, Clark Corporation pays a shipping company $200

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Clark Corporation uses the perpetual inventory system. Clark Corporation sells merchandise on account for $10,000 with terms 2/10,n/30, Clark Corporation pays a shipping company $200 to transport the merchandise to the buyer. How would Clark Corporation record its payment of the transportation charge? Debit cost of goods sold for $200, credit cash for $200. Debit freight-out for $200 credit cash for $200 Debit inventory for $200: credit cash for $200 Debit freight-in for $200: credit cash for $200 Debit purchases for $200: credit sales revenue for $200

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