Multiple Choice
A company purchased $10,000 of merchandise on June 15 with terms of 3/10,n/45,and FOB shipping point.The freight charge,$500,was added to the invoice amount.On June 20,it returned $800 of that merchandise.On June 24,it paid the balance owed for the merchandise taking any discount it is entitled to.The cash paid on June 24 equals:
A) $9,224.
B) $10,200.
C) $10,500.
D) $10,300.
E) $9,424.
Correct Answer:
Verified
Correct Answer:
Verified
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