ACCOUNTING PROCESS ASSIGNMENT: PART #1 Page 3 of 10 December 18 Ninatori Fashion Supply Corp. received goods purchased on credit from Frank Mfg. Co. with an invoice for their cost of $15,800 due under terms of 2/10, n30. The companies used Allied Parcel Service for the "same-day" pick-up and delivery of the goods with FOB Shipping Point terms DATE DEBIT CRED ACCOUNT NAMES December 18 Ninatori Fashion Supply Corp. received an invoice from Allied Parcel Service in the amount of $500, payable in 15 days, for the freight charges relative to the "same-day pick-up and delivery of goods purchased from Frank Mfg. Co. DATE DEBIT CREDI ACCOUNT NAMES December 19 Ninatori Fashion Supply Corp. returned damaged goods to Frank Mfg. Co. and received a credit of $800 for their invoice price. #3 DATE ACCOUNT NAMES DEBIT I CREDIT December 20 Ninatori Fashion Supply Corp. renewed its general liability insurance policy expiring on December 31. The company paid $42,000 cash to its insurance company in full payment of the premiums for one-year of coverage from January 1, 2018 througth December 31, 2018 DEBIT CREDIT DATE ACCOUNT NAMES