A company purchased $10,000 of merchandise on June 15 with terms of 3/10, n/45, and FOB shipping point. The freight charge of $500 was paid by the seller and added to the sales invoice. On June 20, the company returned $800 of the merchandise. 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:
A)$9,224.
B)$10,200.
C)$10,500.
D)$10,300.
E)$9,424.

Question

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The Answer of A company purchased $10,000 of merchandise on June 15 with terms of 3/10, n/45, and FOB shipping point. The freight charge of $500 was paid by the seller and added to the sales invoice. On June 20, the company returned $800 of the merchandise. 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:
A)$9,224.
B)$10,200.
C)$10,500.
D)$10,300.
E)$9,424.

A Company Purchased $10,000 of Merchandise on June 15 with Terms