Merchandise is sold on account to a customer for $12,500, terms FOB shipping point, 1/10, n/30. The

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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 $250. Determine the following:

(a) Amount of the sale,

(b) Amount debited to Accounts Receivable,

(d) Amount due within the discount period.

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Survey of Accounting

ISBN: 978-1133189121

6th edition

Authors: Carl S Warren

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Question Posted: Feb 04, 2014 07:41 AM

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Merchandise is sold on account to a customer for $12,500, terms FOB shipping point, 1/10, n/30. The

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a Amount of the sale 12500 b Amount debited to Accounts R...View the full answer

Survey of Accounting

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