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    Tu684's Avatar
    Tu684 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Nov 6, 2014, 11:18 AM
    Periodic inventory system
    Paid transportation cost for sale of Aug 4 $231?

    The total sale o Aug 4 is $2,520 I need to do a T-account on this problem need help to explain my problem
    ( do I need to cr. Cash for 231 and dr.freight account in the amount of 231)
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #2

    Dec 2, 2014, 11:41 AM
    Debit Transportation Expense for the amount paid and Credit Cash for the amount paid.
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