It was determined that a shipment on Dec 29 from BGA to HubbaBubba Corp. arrived at Hubba Bubba on Jan 2. Hubba Bubba purchasedfrom BGA 100,000 lbs of bubble gum for a sales price of $4.00 perlb. Cost of the product was $2.00 per lb. Terms were FOB ShippingPoint. Payment terms Net 30. BGA billed the company on account,including the required 5% sales tax which was added to the invoiceto Hubba Bubba. Record this transaction on the journal.
