The Journal Entry to Record the Purchase on Account of $900

question 36

Multiple Choice

The journal entry to record the purchase on account of $900 of merchandise with freight of $65 prepaid by their supplier and added to the invoice is:

• A) debit Purchases $965;credit Accounts Payable $965
• B) debit Accounts Payable $965,debit Freight in $65;credit Purchases $900
• C) debit Purchases $900,debit Freight In $65;credit Accounts Payable $965
• D) debit Accounts Receivable $965;credit Sales $965

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