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ClearView Manufacturing's sales ledger shows gross sales $800,000, sales returns $40,000, and sales allowances $20,000. What is the net sales amount?

ClearView Manufacturing's sales ledger shows gross sales $800,000, sales returns $40,000, and sales allowances $20,000. What is the net sales amount?

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 19Q: The following is select account information for Sunrise Motors. Sales: $256,400; Sales Returns and...
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What is the net sales amount?

ClearView Manufacturing's sales ledger shows gross sales $800,000, sales returns $40,000, and sales allowances $20,000. What is the net sales amount?
Transcribed Image Text:ClearView Manufacturing's sales ledger shows gross sales $800,000, sales returns $40,000, and sales allowances $20,000. What is the net sales amount?
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