Jax Company uses a perpetual inventory system and on November 30 purchased merchandise for which it must pay the shipping charges.
Question
Jax Company uses a perpetual inventory system and on November 30 purchased merchandise for which it must pay the shipping charges. Which of the following is one part of the required journal entry when Jax pays the shipping charges of $200? – Q/A (Question and Answer)
Test Answer
Answer:
A debit to Inventory for $200
Recource Acc 221 Exam 2
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