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Determine the amount debited to accounts receivable

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Reference no: EM132876974

Problem - Sales-related transactions - Merchandise is sold on account to a customer for $18,000, terms FOB shipping point, 2/10, n/30. The seller paid the freight of $600.

Required -

Determine the amount of the sale.

Determine the amount debited to Accounts Receivable.

Determine the amount of the discount for early payment.

Determine the amount due within the discount period.

Reference no: EM132876974

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