Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. purchased merchandise on ccount for $4000 and $500

Purchased merchandise on ccount for $4000 and $500 for shipping FOB destination. Write the Journal...

80.2K

Verified Solution

Question

Accounting

Purchased merchandise on ccount for $4000 and $500 for shipping FOB destination. Write the Journal Entry.
A. Debit Inventory 4,500; Credit Accounts Payable 4,000; Credit Delivery Expense 500
B. Debit Inventory 4,000; Credit Cash 4,000
C. Debit Accounts Payable 4,000; Credit Inventory 4,000
D. Debit Inventory 4,000; Credit Accounts Payable 4,000
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students