uestion $8$ of $17$

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iew Policies

Uurrent Attempt in Progress

On November $1,$ Marigold Wear purchased merchandise for a total of $$30800$ from Ames Supplies. The terms were $5/10,$ n$/30,$ FOB shipping point. On November $3,$ the correct company paid the freight of $$420.$ Assuming Marigold Wear uses a perpetual inventory system, which of the following would be Marigold Wear's correct entry?

Freight In

$420$

Cash

$420$

Merchandise Inventory

$420$

Cash $420$

No entry

Delivery Expense

$420$