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A sales invoice included the following information: merchandise price, $6,400; terms 1/10,n/ eom, FOB shipping point with prepaid freight of $1,100 added to the invoi
A sales invoice included the following information: merchandise price, $6,400; terms 1/10,n/ eom, FOB shipping point with prepaid freight of $1,100 added to the invoi Assuming that a credit for merchandise returned of $900 (before discount) is granted prior to payment and the invoice is paid within the discount period, what amount cash should be received by the seller? a. $6,545 b. $891 c. $7,436 d. $8,327
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