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Mathematics, 26.10.2020 16:40 kaytlyn8102
Credit card sales (discount 3%) $ 8,600 Sales on account (3/15, n/60) $ 10,400 Sales returns related to sales on account were $500. All returns were made before payment. One-half of the remaining sales on account were paid within the discount period. The company treats all discounts and returns as contra-revenues. What amount will be reported on the income statement as net sales?
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Credit card sales (discount 3%) $ 8,600 Sales on account (3/15, n/60) $ 10,400 Sales returns related...
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