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For each transaction of Sealy Co. () determine whether or not Sealy owns the goods during transit Sealy is responsible for transportation costs, record the

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For each transaction of Sealy Co. () determine whether or not Sealy owns the goods during transit Sealy is responsible for transportation costs, record the entry for shipping costs assuming they are paid in cash Assume Seely uses the perpetuo inventory system Complete this question by entering your answers in the tabs below. Required A Required Determine whether or not Sealy owns the goods during transit Sealyhas Ownership? Transaction 1 Purchased goods FOB shopping 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 5125 Required B > Sowed Complete this question by entering your answers in the tabs below. Required A Required 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 of no entry is required for a transaction/event. select "No journal entry required in the first account field.) View transaction list Journal entry worksheet

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