The Warren Company purchased $24,000 of merchandise from the Garden Wholesale Company. Warren also paid $1,700 for freight costs to have the goods shipped to its location. Which of the following statements regarding the necessary entries for the transactions is true? Warren uses the perpetual inventory system. Total debits to the inventory account would be $24,000. Total debits to the inventory account would be $25,700. Transportation-in would be debited for $1,700. Answers A and C are both true.

The Warren Company purchased $24,000 of merchandise from the Garden Wholesale Company. Warren also paid $1,700 for freight costs to have the goods shipped to its location. Which of the following statements regarding the necessary entries for the transactions is true? Warren uses the perpetual inventory system.

Total debits to the inventory account would be $24,000.

Total debits to the inventory account would be $25,700.

Transportation-in would be debited for $1,700.

Answers A and C are both true.

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