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Question - Scott Company purchased goods with the following terms and details: Sales price, $10,000

Terms, 2/10, n/30

Date of sale, December 9

Date of payment, December 19

Returns and allowances (before payment), $1,000

Shipping, FOB Shipping Point, $310, prepaid by seller

Required: Compute the amount that Scott Company has to pay to the seller for the goods.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M92573583
  • Price:- $25

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