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Mse uses perpetual inventory system and accordingly charges

Writing journal entries for the following transaction: MSE purchased at a cost of 2500$ a 120Indy Polaris snowmobile for resale. Shipping from the factory was 100$. MSE uses perpetual inventory system and accordingly charges shipping to the cost of the inventory. Terms of the invoice are net 60 days within 2 days of selling the snowmobile.

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Accounting Basics: Mse uses perpetual inventory system and accordingly charges

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