Determining amounts to be paid on invoices Determine the amount to be paid in full settlement of eac

Determining amounts 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 within the discount    period:

 

 

 

Merchandise Freight

paid by Seller

  Customer returns

and Allowances

 

a.

$27,000

FOB destination, n/30

$4,500

 

b.

18,600

$475

FOB shipping point, 2/10, n/30

3,000

 

c.

8,400

FOB shipping point, 1/10, n/30

700

 

d.

48,300

900

FOB shipping point, 2/10, n/30

6,500

 

e.

33,000

FOB destination, 1/10, n/30

     

 

 

 

 

 

 

 

 

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