Answer Happy

12 For each transaction of Sealy Company, (a) determine whether or not Sealy owns the goods during transit. (b) If Sealy is responsible fo transportation costs, record the entry for shipping costs assuming they are paid in cash and the perpetual inventory system is used. 1.5 points Skipped eBook Print References Complete this question by entering your answers in the tabs below. Required A Required B Determine whether or not Sealy owns the goods during transit. Transaction 1. Purchased goods FOB shipping point. Transportation costs are $790. 2. Sold goods FOB destination. Transportation costs are $390. 3. Sold goods FOB shipping point. Transportation costs are $540. 4. Purchased goods FOB destination. Transportation costs are $220. < Required A Sealy has Ownership? Required B >

12 1.5 points Skipped eBook Print References For each transaction of Sealy Company, (a) determine whether or not Sealy owns the goods during transit. (b) If Sealy is responsible fo transportation costs, record the entry for shipping costs assuming they are paid in cash and the perpetual inventory system is used. Complete this question by entering your answers in the tabs below. Required A Required B If Sealy is responsible for transportation costs, record the entry for shipping costs assuming they are paid in cash and the perpetual inventory system is used. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet < 1 2 Purchased goods FOB shipping point. Transportation costs are $790. Transaction 1 3 4 Note: Enter debits before credits. Record entry General Journal Clear entry Debit Credit View general journal >