T A O Demo Reebook M1 - CHAPTERS 14 O Help Seve&E 31. A company purchased 100 of merchandise on June 15 with terms of 20.45, and FOB shipping point. The freight charge, $1,050, was added to the invoice amount On June 20. It returned $1680 of that merchandise On June 24, it paid the balance owed for the merchandise taking any discount it is entitled to. The cash paid on June 24 equals 59 224 Sasso $2150