A company purchased $10,300 of merchandise on June 15 with terms of 2/10, n/45, and FOB shipping point. On June 20, it returned $1,040 of that merchandise. The shipping charges for the purchase totaled $650. On June 24, it paid the balance owed for the merchandise taking any discount it is entitled to. The cash paid on June 24 equals

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02-11-2022
Business

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A company purchased $10,300 of merchandise on June 15 with terms of 2/10, n/45, and FOB shipping point. On June 20, it returned $1,040 of that merchandise. The shipping charges for the purchase totaled $650. On June 24, it paid the balance owed for the merchandise taking any discount it is entitled to. The cash paid on June 24 equals

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