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Assume that the credit memo was received prior tk payment and that the invoice is paid within the discount period . Determine the following :

Calculator Print Item Details of a purchase invoice and related credit memo are summarized as follows: Invoice: $6,500 Cost of merchandise listed on purchase invoice Prepaid freight charge added to invoice Terms, FOB shipping point, 1/10, n/eom Credit memo: Cost of merchandise returned 150 $1,500 Assume that the credit memo was received prior to payment and that the invoice is paid (a) Amount of the cash discount allowed. (b) Amount to be paid by the purchaser if the discount is taken. (c) Cost of the merchandise to the purchaser if the discount is not taken takeAssignment/takeAssignmentMain.do?invoker=assignments&itakeAssignmentSessionLocator=assignment-take&inprogres riline teachin x + Calculator Print item Details of a purchase invoice and related credit memo are summarized as follows: Invoice: Cost of merchandise listed on purchase invoice Prepaid freight charge added to invoice Terms, FOB shipping point, 1/10, Neom Credit memo: Cost of merchandise returned $6,500 150 $1,500 Assume that the credit memo was received prior to payment and that the invoice is paid within the discount period. Determine the following: (a) Amount of the cash discount allowed. (b) Amount to be paid by the purchaser if the discount s taken. () Cost of the merchandise to the purchaser if the discount is not taken

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