=+PR 6-5A Sales-related and purchase-related transactions obj. 3 Chapter 6 Accounting for Merchandising Businesses 301 The following selected transactions were completed during November between Sycamore Company and Bonita Company:

Nov. 2. Sycamore Company sold merchandise on account to Bonita Company,

$16,000, terms FOB shipping point, 2/10, n/30. Sycamore Company paid freight of $375, which was added to the invoice. The cost of the merchandise sold was $10,000.