Question
Cali sold merch to its customer T inc. The terms of thesale specified FOB destination meant that 1. T inc shhould pay the shipping costs
Cali sold merch to its customer T inc. The terms of thesale specified FOB destination meant that
1. T inc shhould pay the shipping costs
2. the public carrier owns the goods while on truck
3. Cali should pay shipping costs
4. No options
2.A xompany sells gear. On 11/1 it purchaseson account an inventory of 200 stuff at $20000. On 11/9 xompany asks its vendor fora $1000 allowance on stufff (stuff hasnt ben paid for yet) To record allowance, xompany should
A.no entry since an allowance no stuff will be returned
B debit cah and credit Accounts pay
C debit accounts payable andcredit inventory
D debit cash and credit iinventory
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