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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
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter10: Accounting For Sales And Cash Receipts
Section: Chapter Questions
Problem 2CE: Prepare journal entries for the following sales and cash receipts transactions. (a) Merchandise is...
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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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