determine the amount to be paid in full settlement of each invoice, assuming that the credit for returns and allowances was received prior to payment, and now all invoices were paid within the discount period.

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Determine the amount to be paid in full settlement of each invoice, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period. Merchandise Freight Paid by Seller Freight Terms Returns and Allowances (a) $5,000 $150 FOB shipping $1,000 point, 2/10, net 30 (b) $8,000 $300 FOB destination, $500 1/10, net 45 Determine the amount to be paid in full settlement of each invoice, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period. Merchandise Freight Paid by Seller Freight Terms Returns and Allowances (a) $5,000 $150 FOB shipping $1,000 point, 2/10, net 30 (b) $8,000 $300 FOB destination, $500 1/10, net 45