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On October 1 ace company purchased P6,000 worth of goods on terms of 2/15, n/30. Freight of P500 was prepaid by the seller under the

image text in transcribed On October 1 ace company purchased P6,000 worth of goods on terms of 2/15, n/30. Freight of P500 was prepaid by the seller under the term FOB Shipping Point, goods worth P1,000 were returned and the account was paid on October 3. Discount received from the seller was

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