Solved: If the merchandise is shipped fob new orleans louisiana, Accounting Basics

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If the merchandise is shipped fob new orleans louisiana

Question - On April 2, merchandise costing $15,400 reaches the retailer located in New Orleans, Louisiana. The invoice is dated March 22 and has terms of 8/10 EOM. The invoice is paid on April 10.

(a) How much should be remitted?

(b) If the merchandise is shipped FOB New Orleans, Louisiana, charges reversed, with transportation charges of $300, how much should be remitted?

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Accounting Basics: If the merchandise is shipped fob new orleans louisiana

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