Author Question: In a periodic inventory system, the cost of merchandise purchased includes the cost of freight in. ... (Read 210 times)

danielfitts88

  • Hero Member
  • *****
  • Posts: 535
In a periodic inventory system, the cost of merchandise purchased includes the cost of freight in.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

The adjusting entry to accrue interest owed on a note payable will include a ________.
 
  A) credit to Interest revenue
  B) credit to Interest receivable
  C) credit to Interest expense
  D) credit to Interest payable



efwsefaw

  • Sr. Member
  • ****
  • Posts: 351
Answer to Question 1

True

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

For a complete list of videos, visit our video library