SAT, 03.03.2022 09:20 stephaniedoffing

Abc purchases inventory for $2,000 and incurs shipping costs of $100 for the goods to be delivered. To record this transaction, the company debits inventory for $2,000, debits selling expenses for $100, and credits cash for $2,100. Which of the following statements is correct?

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Abc purchases inventory for $2,000 and incurs shipping costs of $100 for the goods to be delivered....

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