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Determine the amount received within the discount period

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Reference no: EM132824038

Problem 1: Merchandise is sold on account to a customer for $16,100, terms FOB shipping point, 2/10, n/30. The seller paid the freight of $380. Determine the following:

a. Amount of the sale

b. Amount debited to Accounts Receivable

c. Amount received within the discount period

Reference no: EM132824038

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