The Journal Entry to Record the Purchase of Merchandise on Account

question 30

Multiple Choice

The journal entry to record the purchase of merchandise on account for $2,750 with freight of $125 prepaid and added to the invoice is:

• A) debit Purchases $2,750; credit Accounts Payable $2,750
• B) debit Accounts Payable $2,875, debit Freight in $125; credit Purchases $2,750
• C) debit Purchases $2,750, debit Freight In $125; credit Accounts Payable $2,875
• D) debit Accounts Receivable $2,875; credit Sales $2,875

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Definitions:

Photophobia

An abnormal intolerance or sensitivity to light, causing discomfort or the urge to avoid bright light sources.

Unmyelinated

refers to nerve fibers that lack a myelin sheath, resulting in slower signal transmission compared to myelinated fibers.

Axon Diameter

Refers to the width of an axon, which influences the speed of nerve impulse conduction, with larger diameters allowing faster conduction.

Neurotransmitters

Chemicals that transmit signals across a synapse from one neuron to another in the nervous system.