What seller records the payment of the transportation costs

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Problem 1: When the seller pays the common carrier the delivery cost and the terms of the sale is FOB Origin, the seller records the payment of the transportation costs by debiting?

a. Accounts Payable

b. Accounts Receivable

c. Sales

d. Freight-in

Problem 2: The cost of goods available for sale during the year depends on the amounts of

a. Beginning merchandise inventory and cost of goods sold

b. Beginning merchandise inventory and cost of goods purchased

c. Beginning merchandise inventory, cost of goods sold, and ending merchandise inventory

d. Beginning merchandise inventory, net purchases, and ending merchandise inventory

Reference no: EM132680939

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