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Freight Terms Determine the amount to be paid in full settlement of each of two invoices,...

Freight Terms

Determine the amount to be paid in full settlement of each of two invoices, (a) and (b), assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period. If required, round the answers to the nearest dollar.

Merchandise
(Invoice Amount)		 Freight
Paid by Seller		 Freight Terms Returns and
Allowances
(Invoice
Amount)
a. $9,250 $500 FOB destination, 2/10, n/30 $1,800
b. 2,600 500 FOB shipping point, 1/10, n/30 800
a. $
b. $
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