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This is a sales related transactions question. Merchandise is sold on account to a customer for $56,500 terms FOB shipping point 2/10, n/30. The seller
This is a sales related transactions question.
Merchandise is sold on account to a customer for $56,500 terms FOB shipping point 2/10, n/30. The seller paid the freight of $2,100. 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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