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. If required, round the answers to the nearest dollar. a. b. a. b. Merchandise Freight (Invoice Amount) Paid by Seller $100 700 $ $ $8,850 3,300 Feedback X X Freight Terms FOB destination, 2/10, n/30 FOB shipping point, 1/10, n/30 Returns and Allowances (Invoice Amount) $1,650 1,200 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 invouces, (a) and (b). assumang that credis for returns and allowirices was recenved arior to payment and that alli. moices were paid within the discount penod. If required, round the answers to the firarest dollae: rons in When before calculuting the discount, Then caiculate (Purchsee - Reture - Dicount) + appleable fremht