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Question Content Area Determine the amount to be paid in full settlement of each...

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Accounting

Question Content Area

Determine the amount to be paid in full settlement of each invoice, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period.

Item Merchandise Freight Paid by Seller Freight Terms Returns and Allowances
a. $5,500 $215 FOB Shipping Point, 1/10, net 30 $600
b. $6,800 $90 FOB Destination, 2/10, net 45 $1,500

Determine the amount to be paid in full settlement of each invoice. a. fill in the blank 1 of 2$ b. fill in the blank 2 of 2$

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