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Sales-Related Transactions Merchandise is sold on account to a customer for $22,500, terms FOB shipping point, 2/10, n/30. The seller paid the freight of $470.
Sales-Related Transactions Merchandise is sold on account to a customer for $22,500, terms FOB shipping point, 2/10, n/30. The seller paid the freight of $470. a. Determine the amount of the sale. $ b. Determine the increase to Accounts Receivable. $ c. Determine the amount of the discount for early payment. $ d. Determine the amount due within the discount period. $
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