Total gross sales for the period include the following: Credit card sales (discount...
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Total gross sales for the period include the following: Credit card sales discount $ Sales on account n $ Sales returns related to sales on account were $ All returns were made before payment. Onehalf of the remaining sales on account were paid within the discount period. The company treats all discounts and returns as contrarevenues. What amount will be reported on the income statement as net sales?
Total gross sales for the period include the following:
Credit card sales discount $
Sales on account n $
Sales returns related to sales on account were $ All returns were made before payment. Onehalf of the remaining sales on account were paid within the discount period. The company treats all discounts and returns as contrarevenues.
What amount will be reported on the income statement as net sales?
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