Freight Terms 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. If required, round the answers to the nearest dollar. al a. $ B.S Merchandise $8,350 3,900 8,738 X 385 X Feedback Freight Paid by Seller $500 400 Freight Terms FOB shipping point, 2/10, n/30 FOB destination, 1/10, n/30 Cheak My Work ABF Urcer FOB shipping point, freight is paid by the buyer, while under FOB pastination freight is the seller's expense. To determine the amount, first deduct the return before calculating the discount. Then calculate (Purchase - Return - Discount) +

Current Attempt in Progress Prepare the journal entries to record the following purchase transactions in Blossom Company's books. Blossom uses a perpetual inventory system. Mar. 12 13 14 21 Blossom purchased $20,000 of merchandise from Dalibor Company, terms 2/10, n/30, FOB destination. The correct company paid freight costs of $175. Blossom returned $3,100 of the merchandise purchased on March 12 because it was damaged. Blossom paid the balance owing to Dalibor. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.)

Question Content Area Merchandise subject to terms 2/10, n/30, FOB shipping point, is sold on account to a customer for $19,700. What is the amount of sales discount allowable? a. $189 b. $142 c. $201 d. $394

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