[Solved] RV Traders (seller) sold merchandise tota

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RV Traders (seller) sold merchandise totaling P17,000 to JJ Company (buyer) Transportation cost amounting to P1,000. (a)FOB shipping point, freight collect. (b)FOB shipping point, freight

RV Traders (seller) sold merchandise totaling P17,000 to JJ Company (buyer) Transportation cost amounting to P1,000.

(a)FOB shipping point, freight collect.

(b)FOB shipping point, freight prepaid

(c)FOB destination, freight collect.

(d)FOB destination, freight prepaid.

What are the journal entries of the above transaction under the buyer's viewpoint both for periodic and perpetual systems assuming the following scenarios:

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