M6-2 (algo) reporting net sales with sales discounts, credit card discounts, and sales returns lo6-1.total gross sales for the period include the following: credit card sales (discount 3%) $8,400 sales on account (1/15, n/60) $10,500 sales returns related to sales on account were s500. all returns were made before payment. one- half of the remaining sales on account was 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?

$ 18,098

Explanation:

(Credit Card Sales — Discount of 3%) = 8400 - 252 = 8148

Therefore, 8148 is recorded to Sales Revenues and 252 to Contra-Revenues.

(Sales on Account):

10,500 - 500 = 10,000

1/2 utilized and 1% discount so,

5000 x 99% = 4950

Therefore, 50 of Contra-Revenue recorded to Sales Discounts.

So 9950 recorded as Sales of Account Revenue (if distinction is required)

We now have,

9950 + 8148 = 18098

Net Sales = $ 18098

the correct answer is - no.

winnipeg, canada, is not further away from the equator than moscow, russia, in fact moscow is the city that is further away from the equator. moscow is on a latitude of 55.7558° north, while winnipeg is on a latitude of 49.8951° north, thus putting moscow by 5.8607° further away from the equator than winnipeg is.

answer///the factor market;