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Author Question: In a periodic inventory system, the cost of merchandise purchased includes the cost of freight in. ... (Read 202 times)

danielfitts88

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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

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Reply #1 on: Jul 5, 2018
Answer to Question 1

True

Answer to Question 2

D


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danielfitts88

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Reply #2 on: Jul 5, 2018
Correct answers!


efwsefaw

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Reply #3 on: Jul 5, 2018
Great! Please up vote :D


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