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Gisel Company purchased merchandise inventory with an invoice price of $8,800 on January 1. Everything was paid with cash at the time of purchase. On
Gisel Company purchased merchandise inventory with an invoice price of $8,800 on January 1. Everything was paid with cash at the time of purchase. On January 5, Gisel purchased additional inventory for $8,000 with credit terms of 3/10, n/30. On January 10, Gisel Company was granted $2,000 credit for defective merchandise purchased on January 5. If Gisel Company pays in full within the discount period, what is the payment amount? * When typing your responses, do NOT include a dollar sign. For example, if your answer is $10,000, you should be typing 10,000 or 10,000.00 without any dollar sign
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