(Solved): Reader Associates, Inc., Purchased From Susan, Inc., Merchandise Having An Invoice Price Of $8,000; ...
Reader Associates, Inc., purchased from Susan, Inc., merchandise having an invoice price of $8,000; terms, 1/15, n/60 FOB shipping point, and Reader also paid $40 shipping charges to Speedy Delivery Company. If payment of the invoice is made within the discount period, the amount of the check should be: $7,960. $7,880 $7,920. $7,900