Details of invoices for purchases of merchandise are as follows

906 views
0

Details of invoices for purchases of merchandise are as follows

Returns and

Merchandise
Freight
Terms
Allowances
(a)
$2,800
$45
FOB shipping point, 1/10, n/30
$200
(b)
7,600

FOB destination, n/30
800
(c)
1,400
55
FOB shipping point, 2/10, n/30
600
(d)
500

FOB destination, 1/10, n/30

Determine the amount to be paid in full settlement of each of the invoices, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period.

 

Darshita Changed status to publish February 17, 2020
0

Answer:

(A)

=$2,800 – $200 – $26 + $45

=$2619

(B)

=$7,600 – $800

=6,800

(C)

=$1,400 – $600 – $16 + $55

=839

(D)

=$500 – $5

=495

 

Darshita Changed status to publish February 17, 2020

Contact us today

Ask for our academic services

Copyright SmartStudyHelp 2016. All Rights Reserved