Question: Hi I need help on what is the answer in my activity. I also need it with explanation, I hope that you can help me,

Hi I need help on what is the answer in my activity. I also need it with explanation, I hope that you can help me, thank you

Situation

Test 111; On Sept. 16, 2020, Caris Co. sold merchandise to Oana Co. for P600,000, terms 2/10,n/30. Shipping costs were P60,000. Oana Co. received the goods and Caris Co.'s invoice on Sept. 17. Both Caris Co. and Qana Co. use the periodic inventory system. The following are several arrangements regarding the shipping costs.D. Shipping terms are F.O.B destination, freight prepaid. Caris Co. paid the shipping costs on Sept. 17 and . Oana Co. remitted the cash on Sept. 24. Requirements; 1. Prepare the entries for Caris Co. to record the sale and cash receipts. 2. Prepare the entries for Qana to record the purchase, the payment of shipping costs and cash remittance

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