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Deltec, LLC (the buyer) purchased inventory for $600 and paid cash for shipping charges of $75 on February 10. What entry should Deltec, LLC make
Deltec, LLC (the buyer) purchased inventory for $600 and paid cash for shipping charges of $75 on February 10. What entry should Deltec, LLC make to record the payment of shipping charges? Date Account Titles Debit Credit Feb. 10 Cost of Goods Sold 75.00 Cash 75.00 Paid cash for shipping of inventory Date Account Titles Debit Credit Feb. 10 Delivery Expense 75.00 Cash 75.00 Paid cash for shipping of inventory Date Account Titles Debit Credit Feb. 10 Cash 75.00 Inventory 75.00 Paid cash for shipping of inventory Cash 75.00 Paid cash for shipping of inventory Date Account Titles Debit Credit Feb. 10 Delivery Expense 75.00 Cash 75.00 Paid cash for shipping of inventory Date Account Titles Debit Credit Feb. 10 Cash 75.00 Inventory 75.00 Paid cash for shipping of inventory Date Account Titles Debit Credit Feb. 10 Inventory 75.00 Cash 75.00 Paid cash for shipping of inventory
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