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Discuss the purchase of merchandise on account

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Reference no: EM131748311

The journal entry to record the purchase of merchandise on account for $2,750 with freight of $125 prepaid by their supplier and added to the invoice is:

Debit Purchases $2,750; credit Accounts Payable $2,750

Debit Accounts Payable $2,875, debit Freight in $125; credit Purchases $2,750

Debit Purchases $2,750, debit Freight In $125; credit Accounts Payable $2,875

Debit Accounts Receivable $2,875; credit Sales $2,875

Reference no: EM131748311

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