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Compute the amount that collins company has to pay

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Question

Collins Company purchased goods with the following terms and details:

Sales price, $15,000

Terms, 5/10, n/30

Date of sale, November 10

Date of payment, November 21

Returns and allowances (before payment), $2,200

Shipping, FOB Destination, $220, prepaid by seller

Required:

Compute the amount that Collins Company has to pay to the seller for the goods.

Reference no: EM132359632

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