Determining Amounts to be Paid on Invoices Determine the amount to be paid in full settlement of

Fantastic news! We've Found the answer you've been seeking!

Question:

Determining Amounts to be Paid on Invoices

Determine the amount to be paid in full settlement of each of the following invoices, 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		Customer Returns and Allowances
a.	$16,700		-		FOB destination, n/30	$800
b.	11,900		$500		FOB shipping point, 2/10, n/30	1,400
c.	7,600		-		FOB shipping point, 2/10, n/30	700
d.	3,900		200		FOB shipping point, 1/10, n/30	500
e.	2,900		-		FOB destination, 1/10, n/30	-