For each transaction of Sealy Co., (a) determine whether or not Sealy owns the goods during transit. (b) If Sealy is responsible for transportation costs, record the entry for shipping costs assuming they are paid in cash. Assume Sealy uses the perpetual inventory system. Complete this question by entering your answers in the tabs below. Required A Required B Determine whether or not Sealy owns the goods during transit. Transaction Sealy has Ownership? 1. Purchased goods FOB shipping point. Transportation costs are $600. 2. Sold goods FOB destination. Transportation costs are $200. Sold goods FOB shipping point. Transportation costs are $350. 4. Purchased goods FOB destination. Transportation costs are $125. 3 Yes No Purchased goods FOB shipping point. Transportation costs are $600. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 No journal entry required Accounts payable Accounts receivable Accumulated depreciation Record en Building View general journal