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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.

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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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
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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