while the major The major revenue of a merchandiser is expense(s) is(are) O gross margin, cost of goods sold gross margin, operating expenses sales revenue, cost of goods sold sales revenue, operating expenses When the buyer pays the freight costs, the entry to record the paymers under a perpetual inventory system would include a: debit to delivery expense credit to freight out debit to inventory credit to freight in Which of the following is true of the sales journal? Is used to record adjustments to revenue O is a special journal used to record credit sales Is a special journal used to record cash sales It is used to record the sales of capital assets, such as buildings