Merchandise is sold for $10,400, terms 1/10, n/30. Prior to payment, the customer returned $760 of the merchandise. If the invoice is paid within the discount period the amount of the sales discount is:

Merchandise costing $6,700 with terms of 2/10, n/30, with transportation costs of $430 included on the invoice (not included in the $6,700) is sold on account. If the bill is paid within ten days, the amount of the purchase discount is:

A company purchased $4,500 worth of merchandise. Transportation costs for the buyer were an additional $395. The company returned $310 worth of merchandise and then paid the invoice within the 3% cash discount period. The total cost of this merchandise is:Multiple Choice$4,415.00.$4,282.00.$4,450.00.$4,459.30.$4,585.00.

Beckett Company sold merchandise on account for $12,600, terms 2/10, n/30. Freight charges of $450 were prepaid by Beckett Company and added to the invoice. The customer returned $1,800 of merchandise before making the payment then paid the invoice within the discount period. What is the amount Beckett Company received?

Calculate the total cost of merchandise purchased using the information in the following table:  Invoice cost of merchandise purchases$40,000Purchase discounts received$ 3,000Cost of transportation-in (shipping)$ 500Costs of purchase returns and allowances$ 100  Multiple choice question.$40,000$37,400$36,500$37,600

XYZ Co. purchased merchandise on June 10 at a $5,000 invoice price with terms of 2/10,n/30 and paid for the merchandise on June 25. Illustrate the required entries to record and pay for this purchase under both the gross method and the net method by matching the action on the left with the method on the right. (Assume a perpetual inventory system is used.)InstructionsDrag and drop application.Cash would be credited for $5,000 on June 25.Cash would be credited for $5,000 on June 25. drop zone empty.Cash would be credited for $4,900 on June 25.Cash would be credited for $4,900 on June 25. drop zone empty.Discounts lost would be debited for $100 on June 25.Discounts lost would be debited for $100 on June 25. drop zone empty.Merchandise inventory would be debited for $5,000 for June 10.Merchandise inventory would be debited for $5,000 for June 10. drop zone empty.