Affectionate Company sold merchandise on account for P500,000. The terms are 3/10, n/30. The related freight charge amounted to P10,000. The account was collected within the discount period. Required:...

1. Affectionate Company sold merchandise on account for P500,000. The terms are 3/10, n/30.

                     The related freight charge amounted to P10,000. The account was collected within the

                      discount period.

                Required:

                Prepare journal entries to record the transactions under the following freight terms:

1. FOB destination and freight collect


2. FOB Destination and freight prepaid


3. FOB Shipping point and freight collect

                4. FOB Shipping point and freight prepaid