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Record the sale purchase transaction

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Question - On November 30, Nicanor Trading sold various merchandise to YVONE Merchandising for 80,000. Term 2/10,n/30. Freight charges 1,200.

Required: Record the sale purchase transaction and freight charges under the following assumptions:

FOB Shipping point, Freight prepaid.

FOB Shipping point, Freight collect.

FOB Destination point, Freight prepaid.

FOB Destination point, Freight collect.

Reference no: EM132437444

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