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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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