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An invoice received included the following information: merchandise price, $5,600; terms 1/10, n/eom; FOB shipping...

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Accounting

An invoice received included the following information: merchandise price, $5,600; terms 1/10, n/eom; FOB shipping point with prepaid freight of $539. Assuming that a credit for merchandise returned of $1,100 is granted prior to payment and that the invoice is paid within the discount period, what amount of cash should be paid by the buyer?
a. $4,994
b. $6,078
c. $1,100
d. $5,600

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