what-entry-should-the-seller-make-for-freight-costs-under-fob-destination-terms

Question

What entry should the seller make for freight costs under FOB Destination terms?

Accepted Answer

Debit Selling Expense; Credit Accounts Payable.

Answer

Debit Freight In Account; Credit Cash.

Answer

Debit Purchases Account; Credit Cash.

Answer

Debit Inventory Account; Credit Accounts Payable.