Business, 12.02.2020 03:50 erikstein8298
Alpha used a periodic inventory system. Merchandise was purchased on account for $2,000. The transaction was F. O.B. shipping point. Freight of $100 was originally paid by the seller. Alpha's journal entry to reflect this purchase includes debits to:.
A) Freight-out for $100.
B) Freight-in for $100.
C) Accounts Payable for $2100.
D) Purchases for $2100.
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Alpha used a periodic inventory system. Merchandise was purchased on account for $2,000. The transac...
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