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A company purchased 11800 of merchandise on june 15 with

Problem

A company purchased $11,800 of merchandise on June 15 with terms of 3/10, n/45, and FOB shipping point. The freight charge was $1,400 and was prepaid by the sellers. On June 20, it returned $2,240 of that merchandise. On June 24, it paid the balance owed for the merchandise taking any discount it is entitled to. What is the cash paid on June 24.

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Accounting Basics: A company purchased 11800 of merchandise on june 15 with

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Accounting Basics: A company purchased 11800 of merchandise on june 15 with

Reference No:- TGS02589231

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