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Business, 17.06.2021 18:00 bullockarwen

g Based on the information below: a. Seller sold merchandise on account to the buyer, $4,750, terms 2/10, net 30, FOB shipping point on December 21. The cost of the merchandise is $2,850. The seller prepays the freight of $75. b. Buyer returns $700 of merchandise as defective on December 28. The cost of the merchandise is $420. c. Buyer pays within the discount period on December 31.

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