Solved: Merchandise is sold on account to a customer for 21900, Accounting Basics

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Merchandise is sold on account to a customer for 21900

Question - Sales-Related Transactions

Merchandise is sold on account to a customer for $21,900, terms FOB shipping point, 2/10, n/30. The seller paid the freight of $460. Determine the following:

a. Amount of sale

b. Amount debited to Accounts Receivable

c. Amount of the discount for early payment

d. Amount due within the discount period

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Accounting Basics: Merchandise is sold on account to a customer for 21900

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Accounting Basics: Merchandise is sold on account to a customer for 21900

Reference No:- TGS02607537

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