(Answered) Question - determining amounts to be paid on

Accounting

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	-

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