Identify whether the transactions described should be recorded by Cameron Companies during December 2012 (fill in the
Question:
Purchases of merchandise that are in transit from vendors to Cameron Companies on December 31, 2012.
_______ Shipped FOB shipping point
_______ Shipped FOB destination point
Sales of merchandise that are in transit to customers of Cameron Companies on December 31, 2012.
_______ Shipped FOB shipping point
_______ Shipped FOB destination point
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Related Book For 
Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1111534912
8th edition
Authors: Gary A. Porter, Curtis L. Norton
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