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Business, 26.06.2020 16:01 hartzpeyton136

Based on the information below: (a) Seller sold merchandise on account to the buyer, $4,750, terms 2/10, net 30, FOB shipping point. The cost of the merchandise is $2,850. The seller prepays the freight of $75. (b) Buyer returns $700 of merchandise as defective. The cost of the merchandise is $420. (c) Buyer pays within the discount period.

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Based on the information below: (a) Seller sold merchandise on account to the buyer, $4,750, terms 2...
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