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For each transaction of Sealy Company, (a) determine whether or not Sealy owns the goods during transit. (b) if Sealy is responsible for transportation costs, record the entry for shipping costs assuming they are paid in cash and the perpetual nventory system is used. Complete this question by entering your answers in the tabs below. Determine whether or not Sealy owns the goods during transit. Complete this question by entering your answers in the tabs below. Determine whether or not Sealy owns the goods during transit. If Sealy is responsible ingr transportation costs, record the entry for shipping costs assuming they a inventory system is used. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first a Journal entry worksheet Purchased goods FOB shipping point. Transportation costs are $750. Note: Enter debits before credits. inventory system is used. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first Journal entry worksheet Sold goods FOB destination. Transportation costs are $350. Note: Enter debits before credits. Journal entry worksheet Sold goods FOB shipping point. Transportation costs are $500. Note: Enter debits before credits. inventory system is used. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first acc Journal entry worksheet Purchased goods FOB destination. Transportation costs are $200. Note: Enter debits before credits

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