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Business, 06.10.2019 10:00 Tayannamorgan2373

Total gross sales for the period include the following:
credit card sales (discount 3%) $ 9,400
sales on account (2/15, n/60) $ 12,000
sales returns related to sales on account were $650. 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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Total gross sales for the period include the following:
credit card sales (discount 3%) $ 9,...
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