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Discuss amount debited to accounts receivable

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Reference no: EM131745980

This is a sales related transactions question.

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: EM131745980

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