Daily Goods Store recorded the following: cash sales $25,000, credit sales $45,000, sales returns $3,000, sales allowances $2,000, and early payment discount taken by customers $1,500. Calculate the net sales.
Daily Goods Store recorded the following: cash sales $25,000, credit sales $45,000, sales returns $3,000, sales allowances $2,000, and early payment discount taken by customers $1,500. Calculate the net sales.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter16: Accounting For Accounts Receivable
Section: Chapter Questions
Problem 1CE
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100%
Sales?

Transcribed Image Text:Daily Goods Store recorded the following: cash
sales $25,000, credit sales $45,000, sales
returns $3,000, sales allowances $2,000, and
early payment discount taken by customers
$1,500. Calculate the net sales.
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