Stark Corporation ordered supplies 15 worth $350,000 from Wayne Enterprise on July 13, 2020. The...
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Stark Corporation ordered supplies 15 worth $350,000 from Wayne Enterprise on July 13, 2020. The freight cost was $35,000 under FOB shipping point. The inventory recorded by Stark Corporation accountant on July 13 is - * Debit Cash $385,000 and Credit Inventory $350,000 & Freight Expense $35,000 Debit Inventory $350,000 & Freight Expense $35,000 and Credit Cash $385,000 Debit Inventory $385,000 and Credit Cash $385,000 Debit Inventory $350,000 and Credit Cash $350,000
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