Freeman Corporation, which uses a perpetual inventory system, bought inventory for $10,000 and paid $300 freight on the purchase. Freeman returned goods that cost $2,000 and paid for the goods within the 2% discount period. As a result of these transactions, the inventory account increase bya $10,000. b $8,140. c $0. d $7,840.
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Home » Business » Freeman Corporation, which uses a perpetual inventory system, bought inventory for $10,000 and paid $300 freight on the purchase. Freeman returned goods that cost $2,000 and paid for the goods within the 2% discount period.