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Determining Amounts to be Paid on Invoices Determine the amount to be paid in full settlement...

Determining Amounts to be Paid on Invoices

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

Merchandise Freight Paid by Seller Customer Returns
and Allowances
a. $20,400 - FOB destination, n/30 $1,000
b. 10,600 $400 FOB shipping point, 2/10, n/30 1,300
c. 6,500 - FOB shipping point, 2/10, n/30 600
d. 2,600 100 FOB shipping point, 1/10, n/30 400
e. 1,200 - FOB destination, 1/10, n/30 -

a. $

b. $

c. $

d. $

e. $

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