Chat with us, powered by LiveChat I need help on the freight charges of each transac - Writemia

I need help on the freight charges of each transac

I need help on the freight charges of each transaction, I always get confused when I see the FOB’s. Presented here are selected transactions for Norlan Inc during September of the current year. Norlan uses a perpetual inventory system. Sold merchandise costing $15,000 to Fischer limited on account for $20,000, terms 2/10, n/30, FOB shipping point. 1. Freight charges of $1000 were paid by the appropriate party on the above transaction. Purchased delivery equipment on account for $28,000, terms n/30, FOB destination. 2. Freight charges of $500 were paid by the appropriate party on the above transaction. When I look up the definition for the FOB’s, I come to the conclusion that there are no entries for each of the transactions. So am I right?

Do you need an answer to this or any other questions?

About Writemia

We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.

How It Works

To make an Order you only need to click on “Place Order” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.

Are there Discounts?

All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.

Hire a tutor today CLICK HERE to make your first order