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Determining amounts to be paid on inv - Learning Objective 2 period: a. b. c. d. e period: b. d. b. d. Learning Objective 2
Determining amounts to be paid on inv - Learning Objective 2 period: a. b. c. d. e
period: b. d. b. d. Learning Objective 2 Determining amounts to be paid on in 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 $32,000 Merchandise Invoice Amount 12,800 21,000 9,000 77,400 Freight Paid by Seller $300 175 FOB destination, n/ 30 FOB shipping point, 2/10, FOB shipping point, 1/10, FOB shipping point, 2/10, n/30 n/30 n/30 Customer Returns and Allowances $1,600 2,500 4,000 1,000 FOB destination, 1/10, n/30
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