Jackson Company uses a perpetual inventory system. On November 30, it purchased $10,000 of merchandise and it must pay the $200 shipping charges. The credit terms for the merchandise were 2/10, n/30. The company paid for both the merchandise and the shipping charges nine days after their invoice dates. Which of the following is part of the required journal entry when Jackson pays the shipping charges of $200A) A debit to Inventory for $200
B) A debit to Freight-in for $200
C) A debit to Freight-out for $200
D) A debit to Cash for $200
E) A credit to Accounts Payable for $200
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