A company using the perpetual inventory method paid cash for freight costs to purchase merchandise. Which of the following answers reflects the effects of this event on the financial statements? 
Definitions:
Reserve Ratio
The fraction of depositors' balances that banks must have on hand as cash, a requirement set by central banking authorities.
Gold Coins
Metal currency minted from gold, historically used as both a medium of exchange and store of value.
Receipts
Documents that acknowledge the receipt of goods or services or the receipt of money, often serving as proof of transaction.
Debit Card
A card used for purchases that directly debits funds from the user's bank account.
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