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This is the second part of this question, solve using the following information. Based on the information below: a . Seller sold merchandise on account

This is the second part of this question, solve using the following information.
Based on the information below:
a. Seller sold merchandise on account to the buyer, $4,750, terms 2/10, net 30, FOB shipping point. The cost of the merchandise is $2,850. The seller prepays the freight of $75.
b. Buyer issues a $700 debit memo for defective merchandise that is not returned.
c. Buyer pays within the discountperiod.
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