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Use the information below to joumalize the transactions. 1/12 Sellers Corp. sells Buyers Inc. merchandise on account for $8,000, terms 1/10 net 30, FOB Shipping
Use the information below to joumalize the transactions. 1/12 Sellers Corp. sells Buyers Inc. merchandise on account for $8,000, terms 1/10 net 30, FOB Shipping point. The merchandise originally cost Sellers $5,000. 1/13 The freight charge of $300 is paid by the appropriate party 1/21 Buyers Inc, pays Sellers Corp. Required: Complete the journal entries below. You may write in the space provided or attach a word document a. Journalize all the necessary entries for Sellers Corp. b. Journalize all the necessary entries for Buyers Inc. III Sellers Corp Date Account Debit Credit 12-Jan 13-Jan 21-Jan
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