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Reika [66]
2 years ago
5

Marsh, inc. paid for freight costs on merchandise it shipped to a customer. in what account will marsh record this cost in a per

petual inventory system?
Business
1 answer:
Alexxandr [17]2 years ago
3 0
The answer for this is <span>freight-out
</span>The entry to record the payment of freight costs for goods shipped to a customer requires a debit to Freight-out and a credit to cash. Freight-out is not part of the cost of inventory; it is a delivery expense and appears among the operating expenses on the income statement.
<span>In contrast, freight-in is used to record the shipping costs associated with acquiring inventory (note: when using a perpetual inventory system, the shipping cost associated with acquiring inventory is debited to Inventory).</span>
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