The following selected transactions were completed during August between Summit Company and Beartooth Co.: Aug. 5 1 Summit Company sold merchandise on account to Beartooth Co. 548,000, terms FOB destination 2/15, n/eom. The cost of the goods sold was $28,800. 2 Summit Company paid freight of $1,150 for delivery of merchandise sold to Beartooth Co. on August 1. Summit Company sold merchandise on account to Beartooth Co. 566,000, terms FOB singing.raint. n/eom. The cost of the goods sold was $40,000. Beartooth Co paid freight of $2,300 on August 5 purchase from Summit Company Summit Company sold merchandise on account to Beatooth Co. 558,700, torms FOB shipping point, 1/10, 1/30. Summit Company paid freight of $1.675, which was added to the involce. The cost of the 9 15 goods sold was $35,000 16 Beartooth Co paid Summit Company for purchase of August 1 The following selected transactions were completed during August between Summit Company and Beartooth Co.: Aug. 5 1 Summit Company sold merchandise on account to Beartooth Co. 548,000, terms FOB destination 2/15, n/eom. The cost of the goods sold was $28,800. 2 Summit Company paid freight of $1,150 for delivery of merchandise sold to Beartooth Co. on August 1. Summit Company sold merchandise on account to Beartooth Co. 566,000, terms FOB singing.raint. n/eom. The cost of the goods sold was $40,000. Beartooth Co paid freight of $2,300 on August 5 purchase from Summit Company Summit Company sold merchandise on account to Beatooth Co. 558,700, torms FOB shipping point, 1/10, 1/30. Summit Company paid freight of $1.675, which was added to the involce. The cost of the 9 15 goods sold was $35,000 16 Beartooth Co paid Summit Company for purchase of August 1