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.

	Merchandise		Freight Paid by Seller		Freight Terms		Returns and Allowances
a.	$9,200		$700			FOB destination, 1/10, n/30	$1,100
b.	3,150		300			FOB shipping point, 2/10, n/30	950