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Determine the amount to be paid in full settlement of each of two invoices, (a) and (b), assuming that credit for returns and allowances was
Determine the amount to be paid in full settlement of each of two 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. If required, round the answers to the nearest dollar.
Merchandise (Invoice Amount)Freight Paid by SellerFreight TermsReturns and Allowances (Invoice Amount)
a.$6,000 $600 FOB destination, 2/10, n/30$1,700
b.3,800 600 FOB shipping point, 1/10, n/30700
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