Gross amount of invoice (freight charge already included) Net amount Freight charge Date of Terms of Date of Cash invoice invoice payment discount paid $ 950 None 8/9 4/10, 2/15, n/30 8/22 2$ O $

what is the Credit for partial payment knowing that information?

Determine the amount to be paid in full settlement of each of the following invoices, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period.     Merchandise Freight Paid by Seller     Returns and Allowances a. $21,800   -     FOB shipping point, 1/10, n/30 $1,100   b. 12,000   $500     FOB shipping point, 1/10, n/30 1,400   c. 6,500   -     FOB destination, 1/10, n/30 600   d. 2,900   100     FOB shipping point, 1/10, n/30 400   e. 3,600   -     FOB destination, 1/10, n/30 -     a.  $fill in the blank 1 b.  $fill in the blank 2 c.  $fill in the blank 3 d.  $fill in the blank 4 e.  $fill in the blank 5

Complete the following by calculating the cash discount and net amount paid: (If more than one discount, assume date of last discount.) Gross amount of invoice (freight charge already included) $ 625 Freight charge None Date of invoice 8/10 Terms of invoice 5/10, 4/15, n/30 Date of payment 8/22 Cash discount Net amount paid

Complete the following by calculating the cash discount and net amount paid: (If more than one discount, assume date of last discount.)  Gross amount of invoice (freight charge already included) Freight charge date of invoice terms of service  date of payment  cash discount net amount paid $650 None 8/11 4/10,2/15, n/30 8/23

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Question Content Area An invoice received included the following information: merchandise price, $4,500; terms 1/10, n/eom; FOB shipping point with prepaid freight of $460. Assuming that a credit for merchandise returned of $900 is granted prior to payment and that the invoice is paid within the discount period, what amount of cash should be paid by the buyer? a. $4,910 b. $4,500 c. $4,024 d. $900