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Which two accounts are used to recognize shipping charges for a buyer, assuming the buyer purchases with cash and the terms are FOB Shipping Point?
Which two accounts are used to recognize shipping charges for a buyer, assuming the buyer purchases with cash and the terms are FOB Shipping Point? Group of answer choices merchandise inventory, accounts payable delivery expense, cash The buyer does not record anything for shipping since it is FOB Shipping Point. merchandise inventory, cash
Which two accounts are used to recognize shipping charges for a buyer, assuming the buyer purchases with cash and the terms are FOB Shipping Point?
Group of answer choices
merchandise inventory, accounts payable
delivery expense, cash
The buyer does not record anything for shipping since it is FOB Shipping Point.
merchandise inventory, cash
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