O MERCHANDISING ACCOUNTING Merchandising: Computing amount due QUESTION Peterson Company purchased goods with the following terms and details: Sales price, $15,000 Terms, 1/10, n/30 Date of sale, August 4 Date of payment, August 15 Returns and allowances (before payment), $1,000 Shipping, FOB Destination, $105, prepaid by seller Required: Compute the amount that Peterson Company has to pay to the seller for the goods