22)

Thompson Company purchased goods with the following terms and details: Sales price, $11,000 Terms, 4/10, n/30 Date of sale, June 4 Date of payment, June 14 Returns and allowances (before payment), $1,500 Shipping, FOB Shipping Point, $60, prepaid by seller Required: Compute the amount that Thompson Company has to pay to the seller for the goods. Amount that is paid to the seller: 5