to BE 5 4 Freigh terms Determine the amount to be paid in full settlement of each of two invoices, (A) and (B), assumine that credit for returns and allowances was received prior to payment and that all invoices werte paid within the discount period. Obj. 2 SHOW ME HOW hon đón Freight Paid by Seller Returns and Allowances Merchandise Freight Terms A. $36,000 $800 FOB destination, 1/10, n/30 $4,000 B. 44,900 375 FOB shipping point, 2/10, n/30 2,400

Q: Merchandise subject to terms 3/10, n/25, FOB shipping point, is sold on account to a customer for…

A: When customers pay within the stated discount periods, sales discounts (if offered by sellers)…

Q: After the amount due on a sale of $22,400, terms 1/10, n/eom, is received from a customer within the…

A: The buyer has paid the amount within the discounted period.  So the refund will also be made after…

Q: For the following purchases of merchandise, determine the amount of cash to be paid: Purchase…

A: please like the answer your response matters   Cash to be paid   a 550   b 594…

Q: Determine the amount to be paid in full settlement of each purchase invoice, assuming that credit…

A: In the case of FOB Shipping point Amount to be paid = ( Purchases - Return ) * ( 1 - Discount rate )…

Q: Compute the amount to be paid for each of the four separate invoices assuming Merchandise Terms…

A: Formula: Cash discount = Gross amount x discount % Payment = Gross amount - Cash discount

Q: The debits and credits from four related transactions, (1) through (4), are presented in the…

A: FOB Shipping Point – Purchaser is responsible for paying the shipping charges.They are usually…

Q: Determine the amount to be paid in full settlement of the invoice assuming that credit for returns…

A: FOB destination sale: In FOB destination sale freight costs are paid by the seller and ownership is…

Q: A sales invoice included the following information: merchandise price, $12,400; terms 1/10, n/eom,…

A: Concept of terms 1/10, n/eom: 1/10 means 1% discount is valid of the payment has been made within…

Q: Determine the amount to be paid in full settlement of each of two invoices (a) and (b), assuming…

A:

Q: Determining Amounts to be Paid on Invoices Determine the amount to be paid in full settlement of…

A: FOB shipping point and FOB destination point are two important terms using during the transfer of…

Q: Determine the amount to be paid in full settlement of each of the following invoices, assuming that…

A: FOB SHIPPING POINT FOB shipping point explains that the ownership of the inventory is transferred to…

Q: A sales invoice included the following information: merchandise price, $7,100; terms 1/10, n/eom;…

A: The amount of cash that should be received by the seller = Invoice price + Freight charges –…

Q: Determine the amount to be paid in full settlement of each of two invoices, (a) and (b), assuming…

A: Under FOB shipping, the buyer becomes the owner as and when goods are shipped to customer. The…

Q: 5 Compute the amount to be paid for each of the four separate invoices assuming that all invoices…

A: Net purchase is the amount of cash paid to supplier for the purchase of inventory during the…

Q: Freight Terms Determine the amount to be paid in full settlement of each of two invoices, (a) and…

A: Merchandise means the amount of inventory or goods that are held by an entity for the purpose of…

Q: Freight Terms Determine the amount to be paid in full settlement of each of two invoices, (a) and…

A: The invoice describes the payment details. It includes gross amount due, freight details, Discount…

Q: ate

A: Solution a: Amount to be paid = ($6,700 - $1,700)×99% + $700 = $4,950 + $700 = $5,650

Q: Compute the amount to be paid for each of the four separate invoices assuming that all invoices are…

A: A purchase discount is a reduction in the purchase price offered by a seller to incentivize prompt…

Q: Obj. 2 €5-15 Determining amounts to be paid on invoices Determine the amount to be paid in full…

A: Calculation of amount to be paid in full settlement are as follows

Q: Determine the amount to be paid in full settlement of each of two invoices, (a) and (b), assuming…

A: Full settlement refers to a process in which dues payable to an employee is to be calculated who…

Q: Determine the amount to be paid in full settlement of each of the following invoices, assuming that…

A: FOB shipping point explains that the ownership of the inventory is transferred to the purchaser once…

Q: An invoice received included the following information: merchandise price, $3,800; terms 1/10,…

A: Sales invoice:Sales invoice refers to the document which is used to inform the customer the amount…

Q: Determine the amount to be paid in full settlement of each invoice, assuming that credit for returns…

A: MERCHANDISE PURCHASED = MERCHANDISE - RETURN ALLOWANCE = $13,200 - $1,300 = $11,900   = MERCHANDISE…

Q: Determine the amount to be paid in full settlement of each invoice, assuming that credit for returns…

A: Note: Under FOB destination, freight is the seller's expense and under the FOB shipping point,…

Q: Determine the amount to be paid in full settlement of each of two invoices, (a) and (b), assuming…

A: FOB shipping point: Under FOB shipping point the possession of goods are with the seller until the…

Q: A sales invoice included the following information: merchandise price, $11,800; terms 1/10, n/eom;…

A: Sales - Return = Net Sales  Merchandise Price = $11,800 Prepaid Freight  = $560  Merchandise…

Q: EX 6-13 Determining amounts to be paid on invoices OBJ. 2 Determine the amount to be paid in full…

A: a Merchandise        20,500   Less: Return and Allowances         -4,800   Amount to be paid in…

Q: 1/10, n/30 3/15, n/45

A: Net purchase is the amount of cash paid to supplier for the purchase of inventory during the…

Q: A sales invoice included the following information: merchandise price, $9,700; terms 1/10, n/eom,…

A: Sales invoice: Sales invoice refers to the document which is used to inform the customer the amount…

Q: EX 5-12 Sales-related transactions Merchandise is sold on account to a customer for $56.500, terms…

A: The term 2/10,n/30 means that if the payment is made within a period of 10 days then the discount is…

Q: Determining Amounts to be Paid on Invoices Determine the amount to be paid in full settlement of…

A: The invoice is made against the account receivables.

Q: ENG 1141: Session 13 Discussion Board Instructions - E... Instructions 13 14 8 15 23 6 24 28 30 5…

A: Journal Entry :— It is an act of recording transaction in books of account when transaction…

Q: Determining Amounts to be Paid on Invoices Determine the amount to be paid in full settlement of…

A:

Q: Compute the amount to be paid for each of the four separate invoices assuming that all invoices are…

A: Introduction:- Discount term "2/10, n/60" means If the invoice is paid within 10 days of its date, a…

Q: An invoice received included the following information: merchandise price, $3,200; terms 1/10,…

A: Sales invoice:Sales invoice refers to the document which is used to inform the customer the amount…

Q: reight Terms Determine the amount to be paid in full settlement of each of two invoices, (a) and…

A: a. Computation is represented as below: Hence, the amount to be paid in full settlement is $75,250.…

Q: EB 14. LO 6.5 Review the following situations and record any necessary journal entries for Wall…

A: Journal entries are the fundamental building blocks that provide answers to these and other…

Q: Determining amounts to be paid on invoices Determine the amount to be paid in full settlement of…

A: The amount to be paid represents that if the customer pays the amount within the discount period, he…

Q: Freight Terms Determine the amount to be paid in full settlement of each of two invoices, (a) and…

A: Under fob shipping point buyer is liable to pay freight charges. In case of fob destination the…

Q: Merchandise subject to terms 4/15, n/28, FOB shipping point, is sold on account to a customer for…

A: Merchandise subject to terms 4/15, n/28, means there will be a cash discount of 4% if payment is…

Q: Determine the amount to be paid by the buyer for full settlement of each invoice, assuming that…

A: (Merchandise - returns and allowances) - (difference of Merchandise - returns and allowances * %…

Q: Merchandise is purchased for $3,300 on September 2 subject to terms of 2/10, n/30, FOB destination.…

A: Cost of goods sold: It refers to the overall cost incurred by a company for the production of the…