« previous next »

Author Question: In a periodic inventory system, the cost of merchandise purchased includes the cost of freight in. ... (Read 197 times)

danielfitts88

  • Hero Member
  • *****
  • Posts: 535
on: Jul 5, 2018
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
Reply #1 on: Jul 5, 2018
Answer to Question 1

True

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

danielfitts88

  • Hero Member
  • *****
  • Posts: 535
Reply #2 on: Jul 5, 2018
Correct answers!


efwsefaw

  • Sr. Member
  • ****
  • Posts: 351
Reply #3 on: Jul 5, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

A Microelectromechanical system A Microelectromechanical system
Magnetic resonance imaging (MRI). The MRI lab includes the scanning instrument and a computer statio Magnetic resonance imaging (MRI). The MRI lab includes the scanning instrument and a computer statio
Circulatory System: Blood Vessels Circulatory System: Blood Vessels
Disorders and Diseases of the Endocrine System Cont Disorders and Diseases of the Endocrine System Cont
Chrysler recommends that the bleeder valve be opened whenever refilling the cooling system. Chrysler recommends that the bleeder valve be opened whenever refilling the cooling system.
A typical purified water system A typical purified water system
Video: Oogenesis Animation

For a complete list of videos, visit our video library