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Amount due within the discount period

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Reference no: EM131122728

1. Merchandise is sold on account to a customer for $12,500, terms FOB shipping point, 1/10, n/30. The seller paid the freight of $400. Determine the following: 

(a) Amount of the sale, 

(b) Amount debited to Accounts Receivable, 

(c) Amount of the discount for early payment, and 

(d) Amount due within the discount period. 

Reference no: EM131122728

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