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Merchandise is sold on account to a customer for $12,300, terms FOB shipping point, 1/10,...

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Accounting

Merchandise is sold on account to a customer for $12,300, terms FOB shipping point, 1/10, n/30. The seller paid the freight of $410. 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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