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The journal entry to record the purchase of merchandise on account for $2, 750 with freight of $125 prepaid by their supplier and added to
The journal entry to record the purchase of merchandise on account for $2, 750 with freight of $125 prepaid by their supplier and added to the invoice is: debit Purchases $2, 750; credit Accounts Payable $2, 750 debit Accounts Payable $2, 875, debit Freight in $125; credit Purchases $2, 750 debit Purchases $2, 750, debit Freight In $125; credit Accounts Payable $2, 875 debit Accounts Receivable $2, 875; credit Sales $2, 875
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