Business, 19.10.2021 07:10 jadeb124

A buyer uses a perpetual inventory system, and it purchases merchandise on terms of FOB shipping point. On December 20, the shipping company sends an invoice for $125 to the party responsible for the freight charges, and cash payment is made immediately. Requied:
Write down the buyer's necessary journal entry.

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A buyer uses a perpetual inventory system, and it purchases merchandise on terms of FOB shipping poi...

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