Determining amount to be paid on invoices
Determining amount to be paid on invoices
Determine the amount to be paid in full settlement of each of the following invoices, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid withing the discount period.
Merchandise Freight paid by seller returns and allowancesa.
a) 52,300 ___ FOB destination, n/30 2,700
b) 14,800 $200 FOB shipping point, 2/10, n/30 1,600
C) 19100 ____ FoB shipping point, 1/10, n/30 1,300
D) 6700 80 FOB shipping point 2/10, n/30 300
E) 22600 _____ FOB destination 1/10, n/30 _____