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6. Affectionate Company sold merchandise on account for P500,000. The terms are 3/10, n/30. The related freight charge amount to P10,000. The account was collected
6. Affectionate Company sold merchandise on account for P500,000. The terms are 3/10, n/30. The related freight charge amount to P10,000. The account was collected within the discount period. Requirement: Prepare journal entries to record the transactions under the following freight terms: a. b. C. d. FOB destination and freight collect FOB destination and freight prepaid FOB shipping point and freight collect FOB shipping point and freight prepaid 7. Monsoon Company reported allowance for doubtful accounts of P200,000 at the end of 2018 and P180,000 at the end of 2017. The entity reported doubtful accounts expense o P50,000 for 2018. What amount did the entity debit to the appropriate account to write off actual bad debts
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