Russell Company purchased goods with the following terms and details: Sales price, $15,000 Terms, 3/10, n/30 Date of sale, September 5 Date of payment, September 16 Returns and allowances (before payment), $800 Shipping, FOB Shipping Point, $75, 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: X $0

Russell Company purchased goods with the following terms and details: Sales price, $15,000 Terms, 3/10,n/30 Date of sale, September 5 Date of payment, September 16 Returns and allowances (before payment), $800 Shipping, FOB Shipping Point, $75, prepaid by seller Required: Compute the amount that Russell Company has to pay to the seller for the goods