OTHER PRACTICE PROBLEMS 323007 ABC soldaadi S400 DO XYZ The cost of the there is a destinaABC SID O Theme 1314 233007 ABC sold as SOOXYZ The cohe Theme the trade is FOB destinaABC S e cure Othere1314 223001 ARC soldadi, S there is destinaABC S XYZ The cohe Theme u rge Othe1314 wym Requiremehe d PA Tom 413. 30. ROB S These d h e Pem March 2013 S chadh Tom 212.30. OB S pot Deco pad March 11. 2013 Make me mories for the collecti SSD f or the e PARTC April 25, 2018 Same T 15./ di FOB destination. The Denda pad a pering the De poods April 2013 M a rties for the collection the PROBLEMD April 27, 2013 Sold merchandise that has a cost of $.00 Tem 30./30. ROB The paid c 6.00 De t o the the Make yote for the collection of the made o f the last date when the chanc e PROBLEME April 23. 0135 S S 17 wale wastede 39. OBS De The Dec because they were define PROBLEME Apel 23, 2013 Sedchadh sofos De The because they were defective o n Make care for the duet Denis de c before the last date when the purchaisentitled to the cash OTHER PRACTICE PROBLEMS 2/2/2007 ABC sold goods, $400,000 to XYZ. The cost of the goods is $250,000. The term of the trade is FOB destination. ABC paid $10,000 transportation charge. Other terms are 12/14; EOM. 2/2/2007 ABC sold goods, $400,000 to XYZ. The cost of the goods is $250,000. The term of the trade is FOB destination. ABC paid $10,000 transportation charge. Other terms are 12/14; EOM. 2/2/2007 ABC sold goods, $400,000 to XYZ. The cost of the goods is $250,000. The term of the trade is FOB destination. ABC paid $10,000 transportation charge. Other terms are 12/14; EOM. In each of the independent situations below, the purchaser and the seller use perpetual inventory system. Requirements: 1) Prepare the necessary entries in the book of the seller and (2) Prepare necessary entries in the book of the purchaser. Problem A March 6, 2013 Sold merchandise that has a cost price of $20,000 for $40,000 to Denis on account. Term 4/13, n/30, FOB Shipping point. The seller paid $600 for transporting the goods. March 17, 2013 Make necessary entries (means journal entries) for the collection of the amount due from Denis. Problem B March 2, 2013 Sold merchandise that has a cost of $12,000 for $30,000 to Desmond on account. Term 2/12, n/30, FOB Shipping point. Desmond paid $500 for transporting the goods. March 11, 2013 Make necessary entries for the collection of the amount due PARTC April 26, 2013 Sold merchandise that has a cost of $5,000 for $14,000 to Deandra on account. Term 3/15, n/30, FOB destination. The Deandra paid $400 for transporting the goods. April 30, 2013 Make necessary entries for the collection of the amount due to Denis