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Merchandise Freight Paid by Seller Freight Terms Returns and Allowances $36,000 $800 FOB shipping point, 1/10, n/30 $4,000 $44,900 $375 FOB destination, 2/10, n/30$2 $2400
Merchandise Freight Paid by Seller Freight Terms Returns and Allowances
$36,000 $800 FOB shipping point, 1/10, n/30 $4,000 $44,900 $375 FOB destination, 2/10, n/30$2 $2400
54 Freight terms Obj. 2Determine the amount to be paid in full settlement of each of two invoices, (a) and (b), assuming that credit returns, and allowances was received prior to payment and that all invoices were paid within the discount periodStep by Step Solution
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