determine the amount to be paid in full settlement of each of invoices a and b 665751
Determine the amount to be paid in full settlement of each of invoices (a) and (b), assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period.
|
|
|
Transportation |
|
Returns and |
|
a. |
Merchandise |
Paid by Seller |
Transportation Terms |
Allowances |
|
$4,500 |
$200 |
FOB shipping point, 1/10, n/30 |
$ 800 |
|
|
b. |
5,000 |
60 |
FOB destination, 2/10, n/30 |
2,500 |