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Determine the amount to be paid in full settlement

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Question - 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

Freight Paid by Seller

Returns and Allowances

a.

$ 13,900

-

FOB destination, n/30

$ 700

b.

11,600

$ 500

FOB shipping point, 2/10, n/30

1,400

c.

6,000

-

FOB shipping point, 1/10, n/30

500

d.

3,600

100

FOB shipping point, 1/10, n/30

500

e.

3,400

-

FOB destination, 1/10, n/30

-

Reference no: EM131784711

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