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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 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.	$31,000		FOB destination, n/30	$1,600
b.	12,500	$320	FOB shipping point, 1/10, n/30	2,400
c.	21,600		FOB shipping point, 1/10, n/30	4,100
d.	9,800	160	FOB shipping point, 2/10, n/30	1,100
e.	77,900		FOB destination, 1/10, n/30

This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.

Round your answers to the nearest dollar. a. $ X b. $ X c. $ X d. $ X e. \$ X