(Answered) Problem - diaz company purchased goods with the following

Accounting

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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