Which of the following statements is incorrect? A purchase discount is calculated after subtracting returns and allowances from gross purchases. If an item is shipped FOB destination, the seller is responsible for the shipping costs. Sales tax collected by a seller is recorded as an increase to sales tax payable. If a seller makes a sale under the terms 2/10, net 30, the sales discount is only available if the buyer pays within the 30 day window. Freight in is used in the calculation of not

Which of the following statements is incorrect? A purchase discount is calculated after subtracting returns and allowances from gross purchases. If an item is shipped FOB destination, the seller is responsible for the shipping costs. Sales tax collected by a seller is recorded as an increase to sales tax payable. If a seller makes a sale under the terms 2/10, net 30 , the sales discount is only available if the buyer pays within the 30 day window