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If we purchase $10,000 of merchandise and the seller adds $500 for shipping in the invoice: Select one: a. Debit Inventory $10,000, Debit Shipping Expense
If we purchase $10,000 of merchandise and the seller adds $500 for shipping in the invoice: Select one: a. Debit Inventory $10,000, Debit Shipping Expense $500 and Credit Cash $10,500 b. Debit Inventory $10,500 and Credit Cash $10,500 X c. Debit Inventory $10,500 and Credit Cash $10,000 and Shipping Expense $500
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