eBook Show Me How From the perspective of the buyer, returned merchandise or an adjustment for...

Transcribed Image Text:

eBook Show Me How From the perspective of the buyer, returned merchandise or an adjustment for defective merchandise. 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: Merchandise Invoice Amount Freight Paid by Seller Customer Returns and Allowances a. $32,000 FOB destination, n/30 $1,600 b. 12,800 21,000 $300 FOB shipping point, 2/10, n/30 FOB shipping point, 1/10, n/30 9,000 175 77,400 FOB shipping point, 2/10, 1/30 FOB destination, 1/10, n/30 2,500 4,000 1,000 d. 30,400 b. S 10,300 X G 17,000 X d. S 3,920 x 77,400 X Feedback Check My Work FOB shipping point freight is the buyer's cost, FOB destination freight is the seller's expense. To determine the amount, calculate (Purchase net of discount-Return net of discount)+applicable freight eBook Show Me How From the perspective of the buyer, returned merchandise or an adjustment for defective merchandise. 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: Merchandise Invoice Amount Freight Paid by Seller Customer Returns and Allowances a. $32,000 FOB destination, n/30 $1,600 b. 12,800 21,000 $300 FOB shipping point, 2/10, n/30 FOB shipping point, 1/10, n/30 9,000 175 77,400 FOB shipping point, 2/10, 1/30 FOB destination, 1/10, n/30 2,500 4,000 1,000 d. 30,400 b. S 10,300 X G 17,000 X d. S 3,920 x 77,400 X Feedback Check My Work FOB shipping point freight is the buyer's cost, FOB destination freight is the seller's expense. To determine the amount, calculate (Purchase net of discount-Return net of discount)+applicable freight