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QUESTION 37 Peatmoss Company purchased $16,000 worth of merchandise, FOB shipping point. Transportation costs were an additional $1,400. The company later returned $3,000 worth of

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QUESTION 37 Peatmoss Company purchased $16,000 worth of merchandise, FOB shipping point. Transportation costs were an additional $1,400. The company later returned $3,000 worth of merchandise and paid the invoice within the 2% cash discount period. The total amount paid for this merchandise is: OA $14,080 OB. $14,140 OC. $14,112 D. $17,052

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