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During April, Firestone purchased goods from BF Goodrich. The sequence of events was as follows: April 1 : Firestone orders 2 , 5 0 0

During April, Firestone purchased goods from BF Goodrich. The sequence of events was as follows:
April 1: Firestone orders 2,500 tires from BF Goodrich. BF Goodrich agrees to sell the wheels for $200 each on account under shipping terms FOB shipping point and payment terms 510,n45. The tires initially cost BF Goodrich $125 each on February 17 th. J.B. Hunt Trucking Company will be responsible for transporting the inventory for $2,125. All shipping costs must be paid on the day of shipment.
April 4: BF Goodrich loads the 2,500 tires into JB Hunt's truck.
April 8: Firestone receives the shipment of tires.
April 25: Firestone pays BF Goodrich for the tires previously purchased.
\table[[A,\table[[Accounts Payable],[Cash]],\table[[500,000],[500,000]],,\table[[Inventory 500,000],[Accounts Payable ,500,000
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