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On November 30, Nicanor Trading sold various merchandise to YVONE Merchandising for 80,000. Term 2/10,n/30. Freight charges 1,200. Required: Record the sale purchase transaction and

On November 30, Nicanor Trading sold various merchandise to YVONE Merchandising for 80,000. Term 2/10,n/30. Freight charges 1,200.

Required:

Record the sale purchase transaction and freight charges under the following assumptions:

FOB Shipping point, Freight prepaid

FOB Shipping point, Freight collect

FOB Destination point, Freight prepaid

FOB Destination point, Freight collect

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