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E4-7 Determining amounts to be paid on invoices Determine the amount to be paid in full settlement of each of the following invoices, assuming that

E4-7 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. a. b. C. d. e. Merchandise $ 12,800 6,000 30,000 28,500 7,700 Freight Paid by Seller $ 175 2,500 1,100 250 Terms FOB shipping point, 1/10, n/30 FOB shipping point, 2/10, n/30 FOB destination, n/30 FOB shipping point, 2/10, n/30 FOB destination, 2/10, n/30 Returns and Allowances $ 1,000 500 5,000 2,500
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E4-7 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

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