1. 1-Nov 6,000 FOB Destination, 500 freight collection Less 5%, 2,000 down payment, 2/eom, n/60 800 on Nov 3 50% on Nov. 15; Balance on Dec 05 Purchase Date List price Shipping terms Payment terms Return of merchandise Actual payments Amount paid on Nov 15, upon making 50% partial payment of account balance Amount paid on Dec 05, upon full settlement of account Transportation cost recognized as expense by (buyer or seller? Transportation cost paid by (buyer or seller) 2. Purchase Date 1-Oct List price 8,000 Shipping terms FOB Destination, 600 freight prepaid Payment terms 2/10, 1/15, n/30; discount is granted on partial payment Partial payment 60% of accounts Payable Balance on Oct 14 Cash Discount availed of (if any) Amount paid on Oct 17, upon full settlement of account Transportation cost recognized as expense by (buyer or seller? Transportation cost paid by (buyer or seller) 3. + Purchase Date 10-Aug List price 40,000 Shipping terms FOB Shipping point 1,000 freight prepaid Payment terms 5,000 down payment, balance 2/10, n/30 Cash Discount availed of (if any) Amount paid on Aug 15, upon full settlement of account Transportation cost recognized as expense by (buyer or seller? Transportation cost paid by (buyer or seller)