Boeing Truck Company received an invoice showing 10 tires at $125 each, 13 tires at $178 each, and 19 tires at $179 each. Shipping terms are FOB shipping point. Freight is $559; trade discount is 10/4; and a cash discount of 4/10, n/30 is offered. Assuming Boeing paid within the discount period, what did Boeing pay? Note: Round all intermediate calculations to two decimal places (the nearest penny) and enter your final answer rounded to two decimal places.

Boeing Truck Company received an invoice showing 10 tires at $125 each, 13 tires at $178 each, and 19 tires at $179 each. Shipping terms are FOB shipping point. Freight is $559; trade discount is 10/4; and a cash discount of 4/10, n/30 is offered. Assuming Boeing paid within the discount period, what did Boeing pay? Note: Round all intermediate calculations to two decimal places (the nearest penny) and enter your final answer rounded to two decimal places.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 8PB: Air Compressors Inc. purchases compressor parts for its inventory from a supplier. The following...

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