For the following purchases of merchandise, determine the amount of cash to be paid: Total Invoice Credit Amount of Freight Invoice Returns and Date Purchase Date Terms FOB Purchase Charges Amount Allowances Paid a. June 1 2/10, n/30 Destination $410 $410 June 30 b. June 12 1/10, n/30 Destination 960 960 $140 June 21 C. June 14 2/10, n/30 Shipping point 3,300 $70 3,370 June 23 d. June 21 n/30 Shipping point 2,220 50 2,270 120 July 20 е. June 24 1/10, n/30 Shipping point 7,430 270 7,700 230 July 3 Round your answers to the nearest cent. а. b. $ c. S d. $ е.
For the following purchases of merchandise, determine the amount of cash to be paid: Total Invoice Credit Amount of Freight Invoice Returns and Date Purchase Date Terms FOB Purchase Charges Amount Allowances Paid a. June 1 2/10, n/30 Destination $410 $410 June 30 b. June 12 1/10, n/30 Destination 960 960 $140 June 21 C. June 14 2/10, n/30 Shipping point 3,300 $70 3,370 June 23 d. June 21 n/30 Shipping point 2,220 50 2,270 120 July 20 е. June 24 1/10, n/30 Shipping point 7,430 270 7,700 230 July 3 Round your answers to the nearest cent. а. b. $ c. S d. $ е.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:For the following purchases of merchandise, determine the amount of cash to be paid:
Total
Invoice
Credit
Amount of Freight Invoice Returns and
Date
Purchase
Date
Terms
FOB
Purchase Charges Amount Allowances
Paid
а.
June 1
2/10, n/30
Destination
$410
$410
June 30
b.
June 12 1/10, n/30
Destination
960
960
$140
June 21
C.
June 14 2/10, n/30 Shipping point
3,300
$70
3,370
June 23
d.
June 21
n/30
Shipping point
2,220
50
2,270
120
July 20
e.
June 24 1/10, n/30 Shipping point
7,430
270
7,700
230
July 3
Round your answers to the nearest cent.
а.
b.
c. $
d.
е.
%24
%24
%24
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