The Merchandise Inventory Account Is Used in Each of the Following

question 40

Multiple Choice

The Merchandise Inventory account is used in each of the following except the entry to record

• A) goods purchased on account.
• B) the return of goods purchased.
• C) payment of freight on goods sold.
• D) payment within the discount period.

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Definitions:

Extensor Carpi Ulnaris

A muscle of the forearm that extends and adducts the wrist, located on the ulnar side.

Pronator Teres

A muscle in the forearm that helps in pronating the wrist by turning the palm downward.

Masseter

A facial muscle that plays a major role in the chewing of solid foods, connecting the jawbone to the cheekbone.

Digastric

A small muscle located under the jaw that plays a role in the opening of the mouth and the depression of the mandible.