=+EX 6-16 Sales-related transactions obj. 3 Merchandise is sold on account to a customer for $12,500, terms
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=+EX 6-16 Sales-related transactions obj. 3 Merchandise is sold on account to a customer for $12,500, terms FOB shipping point, 1/10, n/30. The seller paid the freight of $400. Determine the following:
(a) amount of the sale,
(b) amount debited to Accounts Receivable,
(c) amount of the discount for early payment, and
(d) amount due within the discount period.
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