Merchandising versus Service Firm For each of the following accounts, indicate whether it would be found in the records of a merchandising firm, a service firm, or both. Cost of goods sold. f. e. Accounts receivable. Accounts payable. Sales revenue. Freight-out. (2 b. Service revenue. Purchase returns and allowances. d. Inventory. 8. h.

Nerchandising versus Service Firm For each of the following accounts, indicate whether it would x found in the records of a merchandising firm, a service firm, or both. a. Cost of goods sold. e. Accounts receivable. b. Service revenue. f. Accounts payable. c. Purchase returns and allowances. 8. Sales revenue. 1. linventory. h. Freight-out