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a. b. $8,350 3,900 a. S 8,783 X b. 3,861 X $600 400 Freight Terms FOB shipping point, 2/10, n/30 FOB destination, 1/10, n/30 Allowances $1,650 1,200

a. b. $8,350 3,900 a. S 8,783 X b. 3,861 X $600 400 Freight Terms FOB shipping point, 2/10, n/30 FOB destination, 1/10, n/30 Allowances $1,650 1,200

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Master 743 ex Content Gmail CengageNOWv2 | Online teachin x + C ✰ v2.cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator-&... M You Tube Required HW PE Ch. 6 1A-6A a. b. Freight Terms Determine the amount to be paid in full settlement of each of two invoices, (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. S b. S EXT OF ANG Merchandise $8,350 3,900 8,783 X 3,861 X Maps Feedback Chark 3 Minule x C Freight Paid by Seller R1001-PC-240- $600 lo 400 Freight Terms FOB shipping point, 2/10, n/30 FOB destination, 1/10, n/30 Check My Work a & b. Under FOB shipping point, freight is paid by the buyer, while under FOB destination freight is the seller's expense. To determine the amount, first deduct the return before calculating the discount. Then calculate (Purchase - Return - Discount) + applicable freight. Credit for Refunds and Allowances SAMSUNG $1,650 1,200 4 Previous Most 按口小 ? 4:18 PM 4/10/2023
Transcribed Image Text:Master 743 ex Content Gmail CengageNOWv2 | Online teachin x + C ✰ v2.cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator-&... M You Tube Required HW PE Ch. 6 1A-6A a. b. Freight Terms Determine the amount to be paid in full settlement of each of two invoices, (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. S b. S EXT OF ANG Merchandise $8,350 3,900 8,783 X 3,861 X Maps Feedback Chark 3 Minule x C Freight Paid by Seller R1001-PC-240- $600 lo 400 Freight Terms FOB shipping point, 2/10, n/30 FOB destination, 1/10, n/30 Check My Work a & b. Under FOB shipping point, freight is paid by the buyer, while under FOB destination freight is the seller's expense. To determine the amount, first deduct the return before calculating the discount. Then calculate (Purchase - Return - Discount) + applicable freight. Credit for Refunds and Allowances SAMSUNG $1,650 1,200 4 Previous Most 按口小 ? 4:18 PM 4/10/2023
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