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Brown Company purchased goods with the following terms and details: Sales price, $7,000 Terms, 4/10, n/30 Date of sale, October 4 Date of payment,
Brown Company purchased goods with the following terms and details: Sales price, $7,000 Terms, 4/10, n/30 Date of sale, October 4 Date of payment, October 14 Returns and allowances (before payment), $700 Shipping, FOB Shipping Point, $65, prepaid by seller Required: Compute the amount that Brown Company has to pay to the seller for the goods.
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College Accounting A Practical Approach
Authors: Jeffrey Slater, Brian Zwicker
11th Canadian Edition
132564440, 978-0132564441
