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:

Variable-Interval

A reinforcement schedule in which a reward is given after a random duration of time has elapsed following a response.

Fixed-Interval

In this reinforcement strategy, rewards are only allocated for the first response following a specified duration.

Fixed-Ratio

A reinforcement schedule wherein a reward is given after a predetermined number of responses have been made.

Pop Quizzes

Unannounced short tests given in a classroom environment to assess understanding or memory of a topic.