Under FOB destination,revenue can be recognized by the seller,when the goods are delivered to the buyer.In this case,Goods are delivered on 05/07/2020.Hence,record revenue as on 05/07/2020.Under FOB destination,Freight charges is the responsibility of the seller.In the books of Liverpool co.DateAccount titles and explanationDebitCredit05/07/2020.Accounts receivable26000Sales26000(Goods sold on account)Freight charges400Cash400(Freight paid)