What is the amount of the cash discount allowable


Merchandise subject to terms 1/10 n/30, FOB shipping point, is sold on account to a customer for $18,000. The seller paid transportation cost pf $1000 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: What is the amount of the cash discount allowable
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