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Compute the amount that barnes company has to pay

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Reference no: EM132805940

Barnes Company purchased goods with the following terms and details:

Sales price, $5,000

Terms, 5/10, n/30

Date of sale, November 8

Date of payment, November 18

Returns and allowances (before payment), $500

Shipping, FOB Shipping Point, $155, prepaid by seller

Required:

Problem 1: Compute the amount that Barnes Company has to pay to the seller for the goods.

Reference no: EM132805940

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