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Freight out or Delivery Expenses or Transportation-out Freight-in or Delivery-in or Transportation-in

On January 10, Dixie Trading located in Los Banos sold merchandise worth On January 10, Pearl Enterprise located in Batangas purchased
P100,000 from Pearl Enterprise located in Batangas with terms 2/10,n/30. merchandise worth P100,000 from Dixie Trading located in Los Banos with
Freight or transportation cost amounted to P10,000 was paid on January terms 2/10,n/30. Freight or transportation cost amounted to P10,000 was
14 based on below assumptions. On January 20 Pearl Enterprise paid in paid on January 14 based on below assumptions. On January 20 Pearl
full. Enterprise paid in full.

Assume the following shipping terms: Assume the following shipping terms

a.      FOB shipping point, freight collect a.      FOB shipping point, freight collect

b.      FOB shipping point, freight prepaid b.      FOB shipping point, freight prepaid
c.      FOB Destination, freight prepaid c.      FOB Destination, freight prepaid

d.      FOB Destination, freight collect d.      FOB Destination, freight collect

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