Business, 26.10.2021 16:30 chrismax8673

Hair World Inc. is a wholesaler of hair supplies. Hair World uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: a. Sold merchandise for cash (cost of merchandise $26,797).$47,200
b. Received merchandise returned by customers as unsatisfactory (but in perfect condition), for a cash refund (original cost of merchandise $330).550
c. Sold merchandise (costing $4,513) to a customer, on account with terms 2/10, n/30.9,500
d. Collected half of the balance owed by the customer in (c) within the discount period.4,655
e. Granted a partial allowance relating to credit sales that the customer in (c) had not yet paid152
Compute sales revenue, Net sales, and Gross Profit for Hair World.

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Hair World Inc. is a wholesaler of hair supplies. Hair World uses a perpetual inventory system. The...

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