What is the amount of cash received by the seller

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Reference no: EM13157081

Merchandise subject to terms 2/10, n/30, FOB shipping point, is sold on account to a customer for $25,000. The seller paid transportation costs of $1,000 and issued a credit memorandum for $2,000 prior to payment. What is the amount of cash received by the seller if the invoice is paid within the discount period?

Reference no: EM13157081

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