Freight costs paid by a seller on merchandise sold to customers will cause an increase to a contra-revenue account of the seller. to the cost of goods sold of the seller. in operating expenses for the seller. in the selling expense of the buyer.
Freight costs paid by a seller on merchandise sold to customers will cause an increase to a contra-revenue account of the seller. to the cost of goods sold of the seller. in operating expenses for the seller. in the selling expense of the buyer.
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter22: End-of-fiscal-period Work For A Corporation
Section22.2: Preparing An Income Statement, Statement Of Stockholders’ Equity, And Balance Sheet
Problem 1AYU
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