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A sales invoice included the following information: merchandise price, $10,400; terms 1/10, n/eom; FOB shipping...

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Accounting

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A sales invoice included the following information: merchandise price, $10,400; terms 1/10, n/eom; FOB shipping point with prepaid freight of $316 added to the invoice. Assuming that a credit for merchandise returned of $2,100 is granted prior to payment and that the invoice is paid within the discount period, what is the amount of cash that should be received by the seller? a. $10,400 b. $8,533 c. $10,609 d. $2,100

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