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Outcome Assesment Problem Charli Company sold merchandise on account to Rae Company $67,500 terms FOB destination, 1/15.30. The cost of the merchandise sold was $32,600.

Outcome Assesment Problem
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Charli Company sold merchandise on account to Rae Company $67,500 terms FOB destination, 1/15.30. The cost of the merchandise sold was $32,600. The freight cost was $880. The journal entries Charli would make to record the transaction would include a a. credit to sales for $67,500 b.debit to accounts receivable for $66.825 c. debit to merchandise inventory for $32,600 d. credit to delivery expense for $880

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