class quiz

Question 2 4 pts To record and inventory sale, you would a. Credit Cost of Good Sold and Debit Inventory b. Debit Cost of Good Sold and Credit Inventory c. Credit Accounts Receivables and Debit Sales Revenue d. Debit Accounts Receivables and credit Sales e. Both a and c f. Both b and d Question 3 4 pts Freight costs are typically recorded as an adjusted entry at the end of the accounting period. True False