Question
EX 6-13 Determining the amounts to be paid on invoices? Determining the amount paid in full settlement of each of the following invoices, assuming that
EX 6-13 Determining the amounts to be paid on invoices?
Determining the amount 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 | Freight paid by seller | Customer returns and allowances |
| A.$27,000 | ------- FOB destination, n/30 | $4,500 |
| B. 18,600 | $475 FOB shipping point, 2/10, n/30 | 3,000 |
| C. 8,400 | ------ FOB shipping point, 1/10, n/30 | 700 |
| D. 48,300 | $900 FOB shipping point, 2/10, n/30 | 6,500 |
| E. 33,00 | ------ FOB destination, 1/10, n/30 | ----- |
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Essentials of Accounting for Governmental and Not-for-Profit Organizations
Authors: Paul A. Copley
10th Edition
007352705X, 978-0073527055
