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Piedmont Company purchased merchandise on account from a supplier for $40000, terms 2/10,n/30. Piedmont Company returned $7000 of the merchandise and received full credit. If
Piedmont Company purchased merchandise on account from a supplier for $40000, terms 2/10,n/30. Piedmont Company returned $7000 of the merchandise and received full credit. If Piedmont Company pays the invoice within the discount period, what is the amount of cash required for the payment? Add your answer Question 4 Determine the amount to be paid in full settlement of the invoice assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period. Merchandise Freight paid by seller Freight terms Returns and Allowances 620004000 FOB destination, 2/10, Net30 10000
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