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Russell Company purchased goods with the following terms and details: Sales price, $7,000 Terms, 1/10, n/30 Date of sale, August 1 Date of payment, August

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Russell Company purchased goods with the following terms and details: Sales price, $7,000 Terms, 1/10, n/30 Date of sale, August 1 Date of payment, August 11 Returns and allowances (before payment), $600 Shipping, FOB Destination, $65, prepaid by seller Required: Compute the amount that Russell Company has to pay to the seller for the goods. Amount that is paid to the seller: $0

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