Newark Company has provided the following information: - Cash sales, $510,000 - Credit sales, $1,410,000...
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Accounting
Newark Company has provided the following information: - Cash sales, $510,000 - Credit sales, $1,410,000 - Selling and administrative expenses, $390,000 - Sales returns and allowances, $96,000 - Gross profit, $1,420,000 - Increase in accounts receivable, $61,000 - Bad debt expense, $39,000 - Sales discounts, $49,000 - Net income, $1,030,000 How much are Newark's net sales? Multiple Choice $1,920,000. $1,736,000 $1775,000. $1.859,000
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