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Sales-Related Transactions Merchandise is sold on account to a customer for $10,500, terms FOB shipping point, 1/10, n/30. The seller paid the freight of
Sales-Related Transactions Merchandise is sold on account to a customer for $10,500, terms FOB shipping point, 1/10, n/30. The seller paid the freight of $420. Determine the following: a. Amount of the sale b. Amount debited to Accounts Receivable. C Amount received within the discount period
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