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a) May 5, Sold merchandise for $4.500 on credit, FOB Destination. Paid $450 for the transportation. Cost of the merchandise sold was $2.250. Required: Journalize

a) May 5, Sold merchandise for $4.500 on credit, FOB Destination. Paid $450 for the transportation. Cost of the merchandise sold was $2.250.

Required: Journalize the transaction.

b) May 20 Sold merchandise for $ 1.500 on account, FOB Shipping Point. Cost of the merchandise sold was $ 1.000. Required: Journalize the transaction.

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