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PE 6-4A Freight terms OBJ. 2 Determine the amount to be...

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Accounting

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PE 6-4A Freight terms OBJ. 2 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 prior to payment and that all invoices were paid within the discount period. Freight Returns and Merchandise Pald by Seller Freight Terms Allowances $ 90,000 $1,000 FOB shipping point, 1/10, n/30 $15,000 110,000 1,575 FOB destination, 2/10, 1/30 8,500 PE 6-4B Freight terms OBJ. 2 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 prior to payment and that all invoices were paid within the discount period. Freight Returns and Merchandise Paid by Seller Freight Terms Allowances $36,000 5800 FOB destination, 1/10,n/30 $4,000 44,900 375 FOB shipping point, 2/10,n/30 2,400

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