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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
Invoice Amount		 Freight
Paid by Seller		 Customer Returns
and Allowances
a. $32,000            —              FOB destination, n/30 $1,600             
b. 12,800            $300             FOB shipping point, 2/10, n/30 2,500             
c. 21,000            —              FOB shipping point, 1/10, n/30 4,000             
d. 9,000            175              FOB shipping point, 2/10, n/30 1,000             
e. 77,400            —              FOB destination, 1/10, n/30 —             

a. $

b. $

c. $

d. $

e. $

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