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Taylor Company purchased goods with the following terms and details: Sales price, $11,000 Terms, 5/10, n/30 Date of sale, November 5 Date of payment, November
Taylor Company purchased goods with the following terms and details:
Sales price, $11,000 Terms, 5/10, n/30 Date of sale, November 5 Date of payment, November 16 Returns and allowances (before payment), $1,300 Shipping, FOB Shipping Point, $80, prepaid by seller
Required:
Compute the amount that Taylor Company has to pay to the seller for the goods.
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