Freight Terms Determine the amount to be paid in full settlement of each of two voices,...
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Freight Terms Determine the amount to be paid in full settlement of each of two voices, (a) and (b), assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period. If required, round the answers to the nearest dollar. a. b. a. b. Merchandise (Invoice Amount) $9,350 4,100 9,363 X 3,170 Freight Paid by Seller $200 200 Freight Terms FOD destination, 2/10, n/30 FOB shipping point, 1/10, 1/30 Returns and Allowances (Invoice) Amount) $1,800 1,100 Freight Terms Determine the amount to be paid in full settlement of each of two voices, (a) and (b), assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period. If required, round the answers to the nearest dollar. a. b. a. b. Merchandise (Invoice Amount) $9,350 4,100 9,363 X 3,170 Freight Paid by Seller $200 200 Freight Terms FOD destination, 2/10, n/30 FOB shipping point, 1/10, 1/30 Returns and Allowances (Invoice) Amount) $1,800 1,100
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Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
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