Kellys Jewelry has the following transactions during the year: total jewelry sales = $680,000; sales...
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Kellys Jewelry has the following transactions during the year: total jewelry sales = $680,000; sales discounts = $16,500; sales returns = $43,000; sales allowances = $23,000. In addition, at the end of the year the company estimates the following transactions associated with jewelry sales in the current year will occur next year: sales discounts = $1,650; sales returns = $5,160; sales allowances = $3,070. Compute net sales.
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