Determine the amount to be paid in full settlement of each of the following invoices, assuming that…

/in /by

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.

 

 

Transportation

 

Returns and

 

Merchandise

Paid by Seller

 

Allowances

a.

$ 8,000

—

FOB shipping point, 1/10, n/30

$1,500

b.

2,900

$125

FOB shipping point, 2/10, n/30

400

c.

3,850

—

FOB destination, 2/10, n/30

—

d.

15,000

—

FOB destination, n/30

2,500

e.

5,000

275

FOB shipping point, 2/10, n/30

1,000