WebApplying FOB shipping terms expresses that responsibilities, risks and costs are shared equally between the seller and buyer of merchandise. FOB incoterm makes the seller … WebWhen goods are shipped FOB destination and the seller pays the freight charges, the buyer. makes no journal entry for the freight. Accounts Payable—Emma Co., debit $15,450; …
Solved 1. At year-end, Barr Company had shipped $13,100 of
WebAugust 8 Purchased merchandise from Waters Corporation for $9, 000 under credit terms of 1/10, n/45, FoB shipping point, invoice dated August 8. August 9 Paid $140 cash for shipping charges related to the August 5 sale to Baird Corporation. ugust 10 Baird returned merchandise from the August 5 sale that had cost Lowe's $500 and was sold for $1 ... Web13. A sales invoice included the following information: merchandise price, $45,200; transportation, $1,500; terms 2/10, n/30, FOB destination. Assuming that merchandise that cost $3,100 is returned before it has been paid for, that the transportation is. paid by the seller, and that the invoice is paid within the discount period, what is the. showbiz waxahachie movies now playing
FOB (shipping) - Wikipedia
WebWhen goods are shipped FOB destination and the seller pays the freight charges, the buyer. makes no journal entry for the freight. Accounts Payable—Emma Co., debit $15,450; Cash, credit $15,450 ... If the seller is to pay the freight costs of delivering merchandise, the delivery terms are stated as. FOB destination. In recording the cost of ... WebVerified answer. business math. Decide whether each of the following statements makes sense (or is clearly true) or does not make sense (or is clearly false). Explain your reasoning. My bank paid an annual interest rate ( \mathrm {APR} APR) of 5.0 \% 5.0%, but at the end of the year, my account balance had grown by 5.1 \% 5.1%. Verified answer. WebA fob is a chain that holds an old-fashioned pocket watch. If your grandfather carries his watch around in a little pocket in his vest, it's probably attached with a fob. showbiz wallisville