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Determine the Amount to Be Paid to the Vendor Within

Question 22

Short Answer

Determine the amount to be paid to the vendor within the discount period for purchase with an invoice price of $3,000 and credit terms of 2/10,n/30 when $700 has already been returned for credit.The goods were purchased with freight terms of F.O.B shipping point and freight of $50 was included on the invoice.
$ ________

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