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The seller paid transportation costs of 1000 and issued a

Merchandise subject to terms 1/10, n/30, FOB shipping point, is sold on account to a customer for $15,000. The seller paid transportation costs of $1,000 and issued a credit memorandum for $5,000 prior to payment. What is the amount of the cash discount allowable?

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Accounting Basics: The seller paid transportation costs of 1000 and issued a

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Accounting Basics: The seller paid transportation costs of 1000 and issued a

Reference No:- TGS0787967

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