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QUESTION 4 A company purchased Inventory for $1.000 from a vender on account Fos shipping...

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Accounting

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QUESTION 4 A company purchased Inventory for $1.000 from a vender on account Fos shipping point with terms of 21101 The company paid $100 cash for freight in the entry to record payment of incice within 2 days by the purchaser would include Assume perpetual inventory systems a debit to Accounts Payable for 33.000, a credit to Merchandise inventory for so, and a credit to case for $2.40 a debit to Accounts Payable for $2.940 and a credit to cash for $2040 debit to Accounts Payable for 52.940, dabit to Merchandise inventory for $60, and a credit to casa foc $3.000 O adibit to Accounts Payable for $9.000. a debit to Merchandisinventory for $100, and a credit cash for $2.900 QUESTIONS Then mailaces of lees Descounts and let Rotures and allowances de debli debit and credit respectively credchod and debt respectively O debe redit and credit respectively credit, tad debit respectively QUESTION Merchandienetary accounting systems can be broadcastored in two types. They O FOMUTO O perpetual and perdit martierond produce wholesale and retall

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