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. a. b. a. b. Merchandise $120,800 147,700 $100,993 $ 135,674 X Feedback Freight Paid by Seller $1,300 2,100 Freight Terms FOB shipping point, 1/10, n/30 FOB destination, 2/10, n/30 Credit for Refunds and Allowances $20,100 11,400 k Check My Work a & b. Under FOB shipping point, freight is paid by the buyer, while under FOB destination freight is the seller's expense. To determine the amount, first deduct the return before calculating the discount. Then calculate (Purchase - Return - Discount) + applicable freight.

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 pavment and that all invoices were paid within the discount period. Tcheaviver a 8 b Under foe shipping point, freight is paid by the buver, while under foB destination freight is tho seller's expense, To determine the amount first deduct the tetum before calculating the discount, Then calculate (Putclase - Return - Dibcount) + applicable freight