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Question
Moore Company purchased goods with the following terms and details:
Sales price, $5,000
Terms, 2/10, n/30
Date of sale, August 10
Date of payment, August 20
Returns and allowances (before payment), $400
Shipping, FOB Destination, $180, prepaid by seller
Required:
Compute the amount that Moore Company has to pay to the seller for the goods.
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