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SEND HELP PLEASEEE NMSQ-mpauxhadnhe following selected nransactions for the month of January 20211 The entity estimates that BO % of the available cash discount will
SEND HELP PLEASEEE
NMSQ-mpauxhadnhe following selected nransactions for the month of January 20211 The entity estimates that BO % of the available cash discount will be taken by the customers 2020 10 20 2S Sold good worth FOG Company : terms: 5%, 2/15, n/SCL Sold goodsto Terms: 2/15, n/Sff FOB shipping point,freight collect The goods were shipped on January 10, 2020 and received by the buyer on January 12 202m Freight paid P paid 80% of their account P ISO,OOffTerrns: 2/15, n/SO FOB destination, freight prepaid Sold goods to CDE The goods were shipped on January 24, 2020 and received by the buyer o collected Company's account Collected the balance of FOG's account Colle cted in full the balance Of ABC Cornpan% 27, 202J Freight REQUIRED: P\epare journal entries under PFRS 15, assuming TNT Company Does not use a sales discount account 2 Uses a sales discount
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