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Hi, I hope someone will help me on how I should record this transactions thank you. C. Manila Trading bought merchandise from Davao Trading, P

Hi, I hope someone will help me on how I should record this transactions thank you.

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C. Manila Trading bought merchandise from Davao Trading, P 450,000 exclusive of freight charges of P 12,000 which was paid by the right party. REQUIRED: In parallel column, record the above transactions in the books of the buyer and seller under each of the following independent terms of shipment: 1. FOB - Shipping Point - Freight Collect 2. FOB - Shipping Point - Freight Prepaid 3. FOB - Destination - Freight Collect 4. FOB - Destination - Freight Prepaid

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