Portian Merchandisers Has Purchased Merchandise on Account and Paid $450

question 127

Essay

Portian Merchandisers has purchased merchandise on account and paid $450 for freight in. Give journal entry for freight paid. (Assume a perpetual inventory system)

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Definitions:

Gamal Nasser

An Egyptian political leader who served as the President of Egypt from 1956 until his death in 1970, known for his policies of Arab nationalism and socialism.

Shelly V. Kraemer

A landmark United States Supreme Court case that addressed the legality of racially restrictive housing covenants.

American National Exhibition

A showcase event, often referring to ones held during the Cold War era, intended to display American culture, technology, and achievements.

Moscow

The capital city of Russia, known for its historical and cultural significance, as well as being a major political, economic, and scientific center.