Solution-What is the cash paid for company

What is the cash paid for company

Reference no: EM131793720

Problem

A company purchased $11,800 of merchandise on June 15 with terms of 3/10, n/45, and FOB shipping point. The freight charge was $1,400 and was prepaid by the sellers. On June 20, it returned $2,240 of that merchandise. On June 24, it paid the balance owed for the merchandise taking any discount it is entitled to. What is the cash paid on June 24.

Reference no: EM131793720

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What is the cash paid for company

Reference no: EM131793720

Reference no: EM131793720

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