QUESTION 12 ho Syn Company uses periodic Inventory system to record its merchandising transactions. Info Sys purchased merchandise from IBM and paid $3,000 in cash. On the next day. Info Sys paid $160 in cash to IBM for shipping the merchandise. 16. How does into Sya should record the payment of the shipping charges ($160)? So Expense $160 Cash $160 Transporto $160 Accounts Payable $160 DA $160 Transportation in $160 Transportation $180 Cash $160