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Homework help on solving these please. Assuming a periodic Inventory system,...

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Accounting

Homework help on solving these please.

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Assuming a periodic Inventory system, the Journal entry to record the purchase on account of $960 of merchandise with freight of $95 prepald and added to the Invoice is O debit Purchases $1,055; credit Accounts Payable $1,055 O debit Accounts Payable $1,055, debit Freight in $95, credit Purchases $960 O debit Purchases $960, debit Freight In $95; credit Accounts Payable $1,055. O debit Accounts Receivable $1,055; credit Sales $1,055

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