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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.

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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 c. Amount due within the discount period

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