Calculate the amount to be paid in full settlement of each of the following transactions using the following assumptions: Assume all returns and allowances were fully processed prior to payment. Assume freight charges will be paid at the time of final payment. Included in the bill. Assume we will always qualify for the purchase discount. You must label your numbers or place them into a formula or table to receive full credit. For this problem, journal entries are NOT required. Invoice a. b. c. d. e. 81,000 22,000 12,600 27,500 6,000 Freight 6,000 1,100 710 1,200 400 Terms FOB Destination, 3/15, n/30 FOB Shipping Point, 5/10,n/30 FOB Shipping Point, 2/15, n/EOM FOB Shipping Point, 4/12, n/45 FOB Destination, n/45 Returns and Allowances 6,000 900 300 0 400.

Answer rating: 100% (QA)

Invoice amount a 81000 b 22000 c 12600 d 27500 e 6000 Returns and allowance 6... View the full answer