On Dec 2, Silver Limited (Silver) purchases merchandise for
resale from Platinum Company (Platinum) with an invoice price of
$36,000 and credit terms 2/15, n/90, FOB shipping point. The goods
cost Platinum $22,000. On Dec 4, Silver pays shipping charges of
$450 on Dec 2 purchase.
On Dec 6, Silver returns unacceptable merchandise to Platinum that
has an invoice price of $2,000. The retuned goods cost Platinum
$1,100. On Dec 10, Sliver discovers that $1,000 of goods are
damaged but...