Beckett Company sold merchandise on account for $11,300, terms 1/10, n/30. Freight charges of $320 were prepaid by Beckett Company and added to the invoice. The customer returned $1,150 of merchandise before making the payment then paid the invoice within the discount period. What is the amount Beckett Company received? $10,360.50 $10,368.50 $10,048.50 $11,348.50
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First, the customer returned $1,150 of merchandise, so the invoice amount is reduced to $11,300 - $1,150 = $10,150. Show more…
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