16. Nov 1, Your business has purchased on account $30,000 of inventory from Gibson Guitar Company (terms 2/10, n30, FOB Factory). Your inventory would be: (1 Point) Cr. 30,000 Dr. 30,000 17. relating to the above transaction, which would be the correct entry: (1 Point) Dr. A/P Fender 30,000 Cr. A/P Fender 30,000 Cr. A/P Gibson 30,000 Dr. A/P Gibson 30,000 18. You receive a transportation invoice from UPS for the above inventory purchase for $500. You phone up Gibson to say that they should be responsible for paying the freight. Gibson states that you are the one responsible for the freight. Who is right? (1 Point) You O Gibson 18. You receive a transportation invoice from UPS for the above inventory purchase for $500. You phone up Gibson to say that they should be responsible for paying the freight. Gibson states that you are the one responsible for the freight. Who is right? (1 Point) You Gibson 19. If the terms had been "FOB destination", who would be right? (1 Point) You Gibson 20. As per the terms of the transaction, the transportation charges will be debited to which account (1 Point) cash accounts payable Gibson accounts payable UPS Inventory 20. As per the terms of the transaction, the transportation charges will be debited to which account (1 Point) cash accounts payable Gibson accounts payable UPS Inventory 21. As per the terms of the transaction, the transportation charges will be credited to which account (1 Point) 00 cash accounts payable Gibson accounts payable UPS Inventory