if merchandise is sold on accounts to customer for 8000 term

if merchandise is sold on accounts to customer for 8000, terms FOB shipping point, 1/10, n/30. the seller paid the freight of 300. what would be amount debted to accounts receivable and the amount due within the discount

Solution

1. Accounts Receivable 8,000

Sales 8,000

2. If amount received in discount period then amount due within discount period is 8,000 - 8,000 x 1% = 7,920