Help with my accounting homework

Posted on 2014-03-31 07:16:00 in Accounting by WINSTON

A sales invoice included the following information: merchandise price, $4,655 freight, $495 terms 1/10, n/eom, FOB shipping point. Assuming that a credit for merchandise returned of $915 is granted prior to payment and that the invoice is paid within the discount period, what is the amount of cash that should be received by the seller?



$4,198

$915

$4,655

$5,099

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