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eBook Calculator Sales-Related Transactions Merchandise is sold on account to a customer for $9,800, terms FOB shipping point, 2/10,n/30. The seller paid the freight of

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eBook Calculator Sales-Related Transactions Merchandise is sold on account to a customer for $9,800, terms FOB shipping point, 2/10,n/30. The seller paid the freight of $480. a. Determine the amount of the sale. 9,604 b. Determine the increase to Accounts Receivable. 10,084 c. Determine the amount of the discount for early payment. 9,124 x d. Determine the amount due within the discount period. 7,840 x Feedback Check My Work a. The amount of sale less the amount of discount is recorded. b. The amount recorded in Accounts Receivable is the amount due from the customer. The shipping was paid by the seller, but it is the exp c. The discount is calculated on the outstanding sales amount (excluding freight). d. The amount due is the balance of the sale plus freight, less the discount computed on the sales amount only

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