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Marquette's Jewelry has the following transactions during the year: total jewelry sales =$670,000; sales discounts...

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Accounting

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Marquette's Jewelry has the following transactions during the year: total jewelry sales =$670,000; sales discounts =$16,000; sales returns =$42,000; sales allowances =$22,000. 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 =$1,600; sales returns =$5,040; sales allowances =$2,930. Compute net sales

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