Shaq Company made two sales on account: (1) to Kobe Company, termis n/30 FOB destination P 200 freight paid by Shaq Company and (2) to Gasol Company terms n/45 FOB shipping point. P 300 paid by Shaq Company. Also Shaq Company made two purchases during the month. (1) from Lebron Company terms 3/EOM. n/60, FOB shipping point, P 250 freight was paid by Lebron: (2) from Garnet Company terms 2/15. n/30 FOB destination. P 150 freight was paid by Garnet Company. How much is the total transportation-in charged to Shaq Company?
Shaq Company made two sales on account: (1) to Kobe Company, termis n/30 FOB destination P 200 freight paid by Shaq Company and (2) to Gasol Company terms n/45 FOB shipping point. P 300 paid by Shaq Company. Also Shaq Company made two purchases during the month. (1) from Lebron Company terms 3/EOM. n/60, FOB shipping point, P 250 freight was paid by Lebron: (2) from Garnet Company terms 2/15. n/30 FOB destination. P 150 freight was paid by Garnet Company. How much is the total transportation-in charged to Shaq Company?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Shaq Company made two sales on account: (1) to Kobe Company, termis n/30 FOB destination P 200 freight paid by Shaq Company and (2) to Gasol Company terms n/45 FOB shipping point. P 300 paid by Shaq Company. Also Shaq Company made two purchases during the month. (1) from Lebron Company terms 3/EOM. n/60, FOB shipping point, P 250 freight was paid by Lebron: (2) from Garnet Company terms 2/15. n/30 FOB destination. P 150 freight was paid by Garnet Company. How much is the total transportation-in charged to Shaq Company?
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