On June 02, Talbots of Boston sold Forrest of Los Angeles $7,950 of fine clothes. Terms were 2/10 EOM FOB Boston. Talbots agreed to prepay the $95 freight. a. If Forrest pays the invoice on June 8, what will Forrest pay? Amount paid b. If Forrest pays on July 26, what will Forrest pay? Amount paid

On June 02, Talbots of Boston sold Forrest of Los Angeles $7,950 of fine clothes. Terms were 2/10 EOM FOB Boston. Talbots agreed to prepay the $95 freight. a. If Forrest pays the invoice on June 8, what will Forrest pay? Amount paid b. If Forrest pays on July 26, what will Forrest pay? Amount paid

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 8PB: Air Compressors Inc. purchases compressor parts for its inventory from a supplier. The following...

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Question

On June 02, Talbots of Boston sold Forrest of Los Angeles $7,950 of fine clothes. Terms were 2/10 EOM FOB Boston. Talbots agreed
to prepay the $95 freight.
a. If Forrest pays the invoice on June 8, what will Forrest pay?
Amount paid
b. If Forrest pays on July 26, what will Forrest pay?
Amount paid

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