Merchandise is sold on account to a customer for $16,400, terms FOB shipping point, 1/10, n/30. The seller paid the freight of $500.

Sales-Related Transactions Merchandise is sold on account to a customer for $16,400, terms FOB shipping point, 1/10, n/30. The seller paid the freight of $500. a. Determine the amount of the sale. 16,400X Determine the increase to Accounts Receivable. 16,900 | X Determine the amount of the discount for early payment. b. Accounts Receivable S16,900"Kne c. 164 Determine the amount due within the discount period. 16,236 X d