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Determine the amount received within the discount period

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Reference no: EM132770903

Problem - Merchandise is sold on account to a customer for $56,500, terms FOB shipping point, 2/10, n/30. The seller paid the freight of $2,100. Determine the following:

(a) amount of the sale

(b) amount debited to Accounts Receivable

(c) amount received within the discount period.

Reference no: EM132770903

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