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Williams Company purchased goods with the following terms and details: Sales price, $7,000 Terms, 5/10, n/30 Date of sale, November 2 Date of payment, November

Williams Company purchased goods with the following terms and details: Sales price, $7,000 Terms, 5/10, n/30 Date of sale, November 2 Date of payment, November 12 Returns and allowances (before payment), $400 Shipping, FOB Shipping Point, $245, prepaid by seller Required: Compute the amount that Williams Company has to pay to the seller for the goods

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