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Morgan Company received from Lee Company an invoice dated September 27. The terms were 2/10 EOM. The list price on the invoice was $5,000 (freight
Morgan Company received from Lee Company an invoice dated September 27. The terms were 2/10 EOM. The list price on the invoice was $5,000 (freight not included). Morgan receives a 9/7 chain discount. Freight charges are Morgan's responsibility, but Lee agreed to prepay the $150 freight charge. Morgan pays the invoice on November 9. What does Morgan pay, Lee? (Round your answer to 2 decimal places.)
* I kept getting 4,316.87 and shows that is wrong so please show work so I can see what I did wrong.
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