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Pierce Company sold to Stanton Company merchandise on account FOB shipping point, 2/10, net 30, for $20,000. The cost of the merchandise is $17,000. Pierce

Pierce Company sold to Stanton Company merchandise on account FOB shipping point, 2/10, net 30, for $20,000. The cost of the merchandise is $17,000. Pierce prepaid the $500 shipping charge for Stanton...

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