Business, 23.10.2021 20:30 mckenziealexander

otal gross sales for the period include the following: Credit card sales (discount 3%) $ 8,900 Sales on account (1/15, n/60) $ 10,400 Sales returns related to sales on account were $600. 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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otal gross sales for the period include the following: Credit card sales (discount 3%) $ 8,900 Sales...