Shipping terms are F.O.8. shipping point, freight collect Pascual paid the shipping PROFESSOR On June 16, 2018 ao sold merchandise to Pascual for P6,000, terms 2/10, 1/3 Shipping costs were P600, Pascual received the goods and ano's invoice on June 17 On June 24, Pascual set the payment to lang, which Wano received on June 25 Bath NAME: SECTION Problem 11 Transportation Costs The following are severa ano and Pascual use the periodic Inventory system arrangements regarding the shipping costs costs on June 17 and remitted P5,880 on June 24. 1 1 Required Prepare the entries for lano to record the sale and the cash receipt. 2. Prepare the entries for Pascual to record the purchase, the payment of shipping costs, and the cash remittance. Shipping terms are F.O.B. destination, freight prepaid Mono paid the shipping costs on June 16. Pascual remitted P5,880 on June 24. Required 1. Prepare the entries for ilano to record the sale, the payment of shipping costs, and the cash receipt 2. Prepare the entries for Pascual to record the purchase and the cash remittance Shipping terms are F.O.B. shipping point freight prepaid. Ilano paid the shipping costs on June 16 and added the P800 cost to the invoice sent to Pascual Pascual remitted P6,480 on June 24. Required: 1. Prepare the entries for ilano to record the sale and freight payment, and the cash receipt 2. Prepare the entries for Pascual to record the purchase (with shipping costs added to the invoice from Ilano) and the cash remittance. Shipping terms are F.0.8. destination, freight collect. Pascual paid the shipping costs on June 17 and deducted the P500 from the amount owed to llano A copy of the freight bill to Ilono was provided with the June 24 cash remittance. Pascual remitted P5,280 on June 24 Required: 1. Prepare the entries for filano to record the sale and the cash receipt. 2. Prepare the entries for Pascual to record the purchase, the freight payment, and the cash remittance