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Problem - Diaz Company purchased goods with the following terms and details:Sales price, $11,000
Terms, 2/10, n/30
Date of sale, May 3
Date of payment, May 14
Returns and allowances (before payment), $1,400
Shipping, FOB Shipping Point, $240, prepaid by seller
Required: Compute the amount that Diaz Company has to pay to the seller for the goods.
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