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Nelson company purchased goods with the following terms and

Question - Nelson Company purchased goods with the following terms and details:

Sales price, $14,001

Terms 2/10, n/30

Date of sale, June 3

Date of payment, June 13

Return and allowances (before payment), $800

Shipping, FOB Shipping Point, $280, prepaid by seller

Required: Compute the amount that Nelson Company has to pay to the seller for the goods.

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

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

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