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

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Accounting

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, (c) amount of discount for early payment, and (d) amount due within the discount.

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