anonymous
  • anonymous
A firm had purchases of $16,200, freight charges of $300, and purchases returns and allowances of $1,100 during one month. Its net delivered cost of purchases was: A. $14,800. B. $17,600. C. $16,200. D. $15,400.
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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jamiebookeater
  • jamiebookeater
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anonymous
  • anonymous
It looks like, you had a purchase of $16,200 + $300 in debits. Then credits of $1,100. Therefore, (16,200+300) - 1,100 = $15,400
anonymous
  • anonymous
The Merchandise Inventory account is debited when goods are purchased for resale and credited when goods are sold and delivered to customers. TRUE OR FALSE?
anonymous
  • anonymous
Sounds like it would be true. Debit = "To subtract" and Credit = "To add"

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