a. $ b. $ c. $ d. $ e. $
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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
Invoice Amount
Freight
Paid by Seller
Customer Returns
and Allowances
a.
$32,000
FOB destination, n/30
$1,600
b.
12,800
$300
C.
21,000
FOB shipping point, 2/10, n/30
FOB shipping point, 1/10, n/30
2,500
4,000
d.
9,000
175
FOB shipping point, 2/10, n/30
1,000
e.
77,400
FOB destination, 1/10, n/30
a. $
b. $
c. $
d. $
e. $
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