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Determine the amount due within the discount period

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Reference no: EM132680263

Problem - Sales-related transactions

Merchandise is sold on account to a customer for $18,000, terms FOB shipping point,2/10, n/30. The seller paid the freight of $600. Determine the following:

(a) amount of the sale

(b) amount debited to Accounts Receivable

(c) amount of the discount for early payment

(d) amount due within the discount period.

Reference no: EM132680263

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