Identify whether the transactions described should be recorded by Cameron Companies during December 2017 (fill in the
Question:
Identify whether the transactions described should be recorded by Cameron Companies during
December 2017 (fill in the blank with a D) or January 2018 (fill in the blank with a J).
Purchases of merchandise that are in transit from vendors to Cameron Companies on December
31, 2017.
_______ Shipped FOB shipping point
_______ Shipped FOB destination point
Sales of merchandise that are in transit to customers of Cameron Companies on December 31, 2017.
_______ Shipped FOB shipping point
_______ Shipped FOB destination point
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Related Book For 
Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1337491471
10th edition
Authors: Gary A. Porter, Curtis L. Norton
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