(Multiple Choice Question) Casting Corp gets new equipment delivered to its factory. The cost of delivery is: 1. Debit to an asset account called Equipment Delivery 2. Recorded as Freight In 3....

(Multiple Choice Question)

Casting Corp gets new equipment delivered to its factory. The cost of delivery is:

1. Debit to an asset account called Equipment Delivery

2. Recorded as Freight In

3. Debited to the Equipment account along with the purchase price of the equipment

4. Recorded as Delivery Expense

Jun 09, 2022

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