Complete the following by calculating the cash discount and net amount paid: LU 7-2(1) Gross amount of Invoice (freight charge already Frelght Included) Date of Terms of Date of Cash Net amount charge Involce Involce раyment discount pakd 7-15. $7,000 $100 4/8 2/10, n/60 4/15 7-16. $600 None 81 3/10, 2/15, n/30 8/13 7-17. $200 None 11/13 1/10 EOM 12/3 7-18. $500 $100 11/29 1/10 EOM 1/4 Complete the following: LU 7-2(2) Date of Amount of Amount Involce Actual partlal payment made partlal payment payment to Balance of tnvolce Terms date be credited outstanding 7-19. $700 2/10, n/60 5/6 $400 5/15 7-20. $600 4/10, n/60 7/5 $400 7/14

Determine the amount to be paid in full settlement of each purchase invoice, assuming that credit for returns and allowances was received prior and that all invoices were paid within the discount period, a. b. Merchandise $3,400 $13,300 3103 Freight Paid by Seller $287 $72 Freight Terms FOB shipping point, 1/10, net 30 FOB destination, 2/10, net 45 Returns and Allowances $300 $2,900 payment

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