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Mudd Company sold Hopewell Company merchandise on account FOB shipping point, net 30, for $30,000. Mudd Company prepaid the $900 shipping charge. Which of the

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Mudd Company sold Hopewell Company merchandise on account FOB shipping point, net 30, for $30,000. Mudd Company prepaid the $900 shipping charge. Which of the following entries does Mudd Company make to record this sale? Accounts Receivable-Hopewell, debit $30,000; Sales, credit $30,000 Accounts Receivable-Hopewell, debit $30,000; Sales, credit $30,000, and Freight Out, debit $900; Cash, credit $900 Accounts Receivable-Hopewell, debit $30,000: Sales, credit $30,000, and Accounts Receivable-Hopewell, debit $900; Cash, credit $900 Accounts Receivable-Hopewell, debit $30, 900; Sales, credit $30, 300 Maxie Company sells $6,000 of inventory to Fairview Company for cash Maxie paid $3, 750 for the merchandise. Under a perpetual inventory system, which of the following journal entry(ies) would be recorded by Maxie? Cash $3, 750 Dr, Sales $3, 750 Cr Cash $6,000 Dr, Merchandise Inventory $3, 750 Cr Cash $6,000 Dr, Sales $6,000 Cr, and Cost of Merchandise Sold $3, 750 Dr, Merchandise Inventory $3, 750 Cr. Accounts Receivable $6,000 Dr, Sales $6,000 Cr, and Cost of Merchandise Sold $3, 750 Dr, Merchandise Inventory $3, 750 Cr

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