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Determining Amounts to be Paid on Invoices Determine the amount to be paid in full settlement of each of the following invoices, assuming that credit
Determining Amounts to be Paid on Invoices 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 period. Freight Paid Merchandise by Seller Terms Allowances a. $12,800 - FOB shipping point, 1/10, n/30 $1,000 b. 6,000 $175 FOB shipping point, 2//10,n//30 500 c. 30,000 2,500 FOB destination, n//30 5,000 d. 28,500 1,100 FOB shipping point, 2//10,n//30 2,500 e. 7,700 250 FOB destination, 2//10,n//30 - Amount to be Paid a. b. c. d. e
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