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Freight Terms Determine the amount to be paid in full settlement of each of...

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Accounting

Freight Terms
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 pri to payment and that all invoices were paid within the discount period.
\table[[,Merchandise,Freight Paid by Seller,Freight Terms,Credit for Refunds and Allowances],[a.,$120,800,$1,300,FOB shipping point, 110,n30,$20,100
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