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On June 25, Hershall Sales Company sold $8, 600 of merchandise on account to Riverbend Company; terms 2/10, n/30, FOB shipping point. Riverbend paid $509
On June 25, Hershall Sales Company sold $8, 600 of merchandise on account to Riverbend Company; terms 2/10, n/30, FOB shipping point. Riverbend paid $509 in freight to Mistletoe Delivery when the goods arrived on June 27. On June 28, Riverbend notified Hershall Sales that there were $2, 100 of goods included that they had not ordered, and the goods were returned to Hershall. On July 5, Riverbend paid Hershall. What is the amount of Riverbend's "net purchases" and the amount of cash Riverbend will pay to Hershall? Net purchases Cash paid to Hershall $6, 370; $6, 370 $7,009; $6, 500 $9, 109: $8, 330 $6, 879: $6, 370 $6, 370: $6, 869
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