Asked by Anonymous

City Cellular purchased $28,900 in cell phones on April 25. The terms of sale were 4/20, 3/30, n/60. Freight terms were F.O.B. destination. Returned goods amounted to $650. . If the manufacturer charges a 4 1/2 % late fee, how much would City Cellular owe if it did not pay the balance by the net date?
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