If a company uses a periodic inventory system when recording its purchases and sales of inventory, the entry to record the freight charges on a purchase of merchandise on account would include:

a). a debit to Freight in and a credit to Accounts Payable

b). a debit to Merchandise Inventory and a credit to Accounts Payable

c). a debit to Accounts Payable and a credit to Freight in

d). a debit to Accounts Payable and a credit to Merchandise Inventory

To arrive at an accurate balance on a bank reconciliation statement, an error made by the bank in which the bank deducted a check issued by another business from the balance of the company's bank account should be:

a). deducted from the bank statement balance.

b). added to the book balance.

c). added to the bank statement balance.

d). deducted from the book balance.