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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

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 by Ace on Oct. 3 and the account was paid on Oct. 15. Discount received from the seller was

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