Under the Perpetual Inventory System,the Journal Entry to Record the Freight

question 119

Multiple Choice

Under the perpetual inventory system,the journal entry to record the freight paid by the seller on goods sold is:

• A) \[\begin{array} { | l| r | r | }
• \hline \text { Accounts Receivable } & \text { XX } & \\
• \hline \text { Freight Out } & & \text { XX } \\
• \hline \text { Sales Revenue } & & \text { XX } \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | c | r | r | }
• \hline \text { Delivery Expenses } & \mathrm { XX } & \\
• \hline \text { Cash } & & \mathrm { XX } \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | c | r | r | }
• \hline \text { Cost of Goods Sold } & \text { XX } & \\
• \hline \text { Cash } & & \mathrm { XX } \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | c | r | r | }
• \hline \text { Merchandise Inventory } & \mathrm { XX } & \\
• \hline \text { Cash } & & \mathrm { XX } \\
• \hline
• \end{array}\]

---

Definitions:

Mathematical Problems

Questions or tasks requiring the use of mathematical methods and reasoning to find solutions.

Industrial-Organizational Psychology

The scientific study of human behavior in organizations and the workplace, focusing on improving productivity, health, and quality of work life.

Applied Research

Research that seeks to answer specific questions or solve practical problems rather than to acquire knowledge for knowledge's sake.

Developmental Psychologist

A psychologist focused on investigating the mental development of people, starting from infancy and continuing through to adult years.