of the shipping terms are FOB shipping point and the freight bill is $200, the purchaser of the merchandise inventory using a perpetual inventory system would record payment of the freight bill with a debit to: Select one: a Accounts Payable and credit to Inventory for $200. O b. Inventory and credit to Cash for $200 c. Freight In and credit to Cash for $200. O d. Freight Out and credit to Cash for $200. e. None of the above Inventory is classified as a Select one: a. Current asset on the balance sheet b. Plant asset on the balance sheet c. Current liability on the balance sheet d. As either an investment or a current asset on the balance sheet e. None of the above