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QUESTION 6 2 points Save A ABC system, which company records the transportation, and which account is debited to record the amount of the transportation?
QUESTION 6 2 points Save A ABC system, which company records the transportation, and which account is debited to record the amount of the transportation? y purchased $10,000 of merchandise on account from XYZ Company; terms are 3/10, nv30, FOB destination If both companies use a perpetual inventory ABC records with a debit to Freight-In XYZ records with a debit to Merchandise Inventory C/ XYZ records with a debit to Freight-in ABC records with a debit to Merchandise Inventory ABC records with a debit to Delivery Expense QUESTION 7 2 points Save An ABC Company purchased $10,000 of buyer recorded the purchase at gross. If the invoice is paid within the discount period, how is the payment recorded by each company? e on account from XYZ Company; terms are 3/10, n/30. Assume both companies use a perpetual inventory system and the ABC debits Account Payable for $9,700: XYZ credits Account Receivable for $9,700 ABC debits Account Receivable for $10,000, XYZ credits Account Payable for $10,000 ABC debits Account Receivable for $9,700 XYZ credits Account Payable for $9,700 ABC debits Account Receivable for $9,700: XYZ credits Account Payable for $10,000 ABC debits Account Payable for $9,700 XYZ credits Account Receivable for $10,000 ABC debits Account Payable for $10,000; XYZ credits Account Receivable for $10,000
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