Determining amount to be paid on invoices

Oct 16th, 2015
Anonymous
Category:
Accounting
Price: $5 USD

Question description

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 withing the discount period.

Merchandise                             Freight paid by seller                                                                            returns and allowancesa. 

a) 52,300                                    ___           FOB destination, n/30                                                     2,700

b) 14,800                                   $200           FOB shipping point, 2/10, n/30                                        1,600

C) 19100                                   ____             FoB shipping point, 1/10, n/30                                         1,300

D) 6700                                      80                FOB shipping point 2/10, n/30                                          300

E) 22600                                  _____              FOB destination 1/10, n/30                                            _____

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