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Lee company purchased goods with the following terms and

Question - Lee Company purchased goods with the following terms and details:Sales price, $7,000

Terms, 5/10, n/30

Date of sale, January 8

Date of payment, January 19

Returns and allowances (before payment), $900

Shipping, FOB Shipping Point, $345, prepaid by seller

Compute the amount that Lee Company has to pay to the seller for the goods.

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Accounting Basics: Lee company purchased goods with the following terms and

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Accounting Basics: Lee company purchased goods with the following terms and

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