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After the amount due on a sale of $62,875, terms 2/10, n/30, is received from a customer within the discount period, the seller consents to
After the amount due on a sale of $62,875, terms 2/10, n/30, is received from a customer within the discount period, the seller consents to the return of the entire shipment. The cost of the merchandise returned was $44,013. If required, round your answers to nearest whole value. a. What is the amount of the refund owed to the customer? $fill in the blank 1 18,850 b. Illustrate the effects on the accounts and financial statements
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