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 $500 $7,400 3,700 300 Freight Terms FOB destination, 2/10, n/30 FOB shipping point, 1/10, n/30 Returns and Allowances (Invoice Amount) $1,550 1,200

Determine the amount to be paid in full settlement of each of two invoices, (a) and (b), assuming that credit for retums and allowances was received ponor to parment and that all invoices were paid within the discount period, It required, round the answeis to the nearet dollar