Merchandise is sold on account to a customer for $56,500, terms FOB shipping point, 2/10, n/30. The

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, and
(c) Amount received within the discount period.