Determine the amount to be paid in full settlement of each of two invoices, (a) and (b), assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period. If required, round the answers to the nearest dollar. Credit for Freight Refunds and Merchandise Paid by Seller Freight Terms Allowances $6,300 $600 FOB shipping point, 2/10, n/30 $1,550 a. b. 2,900 600 FOB destination, 1/10, n/30 1,200 a. $ b. $
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- 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 a. P8,000 3,000 b. c. 19,000 d. 5,000 e. 10,000 Transportation Paid by Seller P100 150 FOB shipping point, 1/10, n/30 FOB shipping point, 2/10, n/30 FOB destination, n/30 FOB shipping point, 1/10, n/30 FOB destination, 2/10, n/30 Returns and Allowances P2,400 1,400 800 1,200Determine 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: Customer Freight Paid by Returns Merchandise Seller and Allowances $21,000 FOB destination, n/30 $1,100 а. b. 9,800 $400 FOB shipping point, 1/10, n/30 1,200 C. 5,000 FOB shipping point, 1/10, n/30 500 d. 3,100 100 FOB shipping point, 2/10, n/30 400 е. 2,400 FOB destination, 2/10, n/30 a. $ 19,900 b. $ C. $ d. $ е.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: Customer Freight Paid by Returns Merchandise Seller and Allowances a. $14,700 FOB destination, n/30 $700 b. 9,700 $400 FOB shipping point, 2/10, n/30 200 с. 7,600 FOB shipping point, 2/10, n/30 700 d. 2,800 100 FOB shipping point, 1/10, n/30 400 е. 3,000 FOB destination, 1/10, n/30
- Determine the amount to be paid in full settlement of each of two invoices, (a) and (b), assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period. If required, round the answers to the nearest dollar. Merchandise(Invoice Amount) FreightPaid by Seller Freight Terms Returns andAllowances(InvoiceAmount) a. $6,400 $600 FOB destination, 1/10, n/30 $1,800 b. 4,250 300 FOB shipping point, 2/10, n/30 1,100 a. $fill in the blank 1 b. $fill in the blank 2Determining 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 Customer Returnsand Allowances a. $19,600 - FOB destination, n/30 $1,000 b. 12,200 $500 FOB shipping point, 2/10, n/30 1,500 c. 6,700 - FOB shipping point, 1/10, n/30 600 d. 2,600 100 FOB shipping point, 2/10, n/30 400 e. 1,500 - FOB destination, 1/10, n/30Determining 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 Customer Returnsand Allowances a. $17,200 - FOB destination, n/30 $900 b. 11,400 $500 FOB shipping point, 2/10, n/30 1,400 c. 8,100 - FOB shipping point, 1/10, n/30 700 d. 3,700 100 FOB shipping point, 1/10, n/30 500 e. 2,500 - FOB destination, 1/10, n/30 - a. $ b. $ c. $ d. $ e. $
- 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 Customer Returns and Allowances a. $14,000 - FOB destination, n/30 $3,250 b. 21,200 $380 FOB shipping point, 2/10, n/30 4,000 c. 16,400 - FOB shipping point, 1/10, n/30 900 d. 7,500 250 FOB shipping point, 2/10, n/30 1,200 e. 28,800 - FOB destination, 1/10, n/30 -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 Customer Returns Invoice Amount Paid by Seller and Allowances a. $17,400 FOB destination, n/30 $900 b. 11,900 $500 FOB shipping point, 2/10, n/30 1,400 C. 8,600 FOB shipping point, 1/10, n/30 800 d. 4,100 200 FOB shipping point, 2/10, n/30 600 е. 3,000 FOB destination, 1/10, n/30 а. $ b. с. d. e. $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 Customer Returns and Allowances a. $14,000 - FOB destination, n/30 $3,250 b. 21,200 $380 FOB shipping point, 2/10, n/30 4,000 c. 16,400 - FOB shipping point, 1/10, n/30 900 d. 7,500 250 FOB shipping point, 2/10, n/30 1,200 e. 28,800 - FOB destination, 1/10, n/30 - a. $fill in the blank 1 b. $fill in the blank 2 c. $fill in the blank 3 d. $fill in the blank 4 e. $fill in the blank 5
- 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: Freight Paid by Seller Customer Returns and Allowances Merchandise $14,000 FOB destination, n/30 $3,250 a. b. $380 FOB shipping point, 2/10, n/30 FOB shipping point, 1/10, n/30 FOB shipping point, 2/10, n/30 21,200 4,000 16,400 C. 900 d. 7,500 250 1,200 FOB destination, 1/10, n/30 28,800 e.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: a. b. d. C. d. a. $ e. e. b. $ c. $ Merchandise Feedback Invoice Amount 21,800 ✔ 10,380 X 7,900 X $23,000 10,100 Check My Work 8,700 3,800 3,700 Freight Paid by Seller $400 200 FOB destination, n/30 FOB shipping point, 2/10, n/30 FOB shipping point, 1/10, n/30 FOB shipping point, 2/10, n/30 FOB destination, 2/10, n/30 Customer Returns and Allowances $1,200 1,200 800 500The journal entry to record the receipt of a payment from customer within the discount period on a sale of $2325 with terms of 3/10, n/30 will include a credit to O a. Sales discounts for $70 O b. Accounts receivable for $2325 O c. Sales Revenue for $2325 O d. Cash for $2255