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Sales-Related Transactions Merchandise is sold on account to a customer for $12,300, terms of shipping polet, 1/10, w/30. The seller paid the freight of $620.

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Sales-Related Transactions Merchandise is sold on account to a customer for $12,300, terms of shipping polet, 1/10, w/30. The seller paid the freight of $620. Determine the following: 12,300 X a. Amount of the sale b. Armount debited to Accounts Receivable c. Amount received within the discount period 12,920 12,797 Feedback Check My W a. The amount of the sale is recorded net of any discount offered. The freight is not added to the sale. b. The amount recorded in Accounts Receivable is what is due from the customer. The freight was paid by the seller, but is the responsibility of the buyer. c. The amount duo is the balance of the sale (net) plus freight due

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