Identify whether the transactions described should be recorded by Cameron Companies during December 2010 (fill in the
Question:
Purchases of merchandise that are in transit from vendors to Cameron Companies on December 31, 2010.
____________ Shipped FOB shipping point
____________ Shipped FOB destination point
Sales of merchandise that are in transit to customers of Cameron Companies on December 31, 2010.
____________ 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: 978-1133161646
7th Edition
Authors: Gary A. Porter, Curtis L. Norton
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