Solved: Merchandise is sold on account to a customer for 12500, Accounting Basics

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Merchandise is sold on account to a customer for 12500

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,

(d) Amount due within the discount period.

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Accounting Basics: Merchandise is sold on account to a customer for 12500

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Accounting Basics: Merchandise is sold on account to a customer for 12500

Reference No:- TGS01507139

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