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Freight Terms Determine the amount to be paid in full settlement of each of two invoices, (a) and (b), assuming that credit for returns and

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Freight Terms Determine the amount to be paid in full settlement of each of two invoices, (a) and (b), assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period. Freight Paid by Seller Returns and Allowances $4,000 2,400 Merchandise Freight Terms FOB destination, 1/10, n/30 FOB shipping point, 2/10, n/30 $36,000 $800 b. 44,900 375 32,840 41,650| X freight is the seller's expense. To determine the a &b. Under FOB shipping point, freight is paid by the buyer, while under FOB destination Learning Objective 2. Previous Next 2 more Check My Work uses remaining

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