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Merchandise subject to terms 2/10, n/30, FOB shipping point, is sold on account to a customer for $13,500.The seller paid transportation costs of $1,500 and
Merchandise subject to terms 2/10, n/30, FOB shipping point, is sold on account to a customer for $13,500.The seller paid transportation costs of $1,500 and added that amount to the invoice. The seller issued a return of memorandum for $6,000 prior to payment.What is the amount of the cash discount allowable to the buyer?
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