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Scott company purchased goods with the following terms and

Question - Scott Company purchased goods with the following terms and details: Sales price, $10,000

Terms, 2/10, n/30

Date of sale, December 9

Date of payment, December 19

Returns and allowances (before payment), $1,000

Shipping, FOB Shipping Point, $310, prepaid by seller

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

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

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

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