Marlon Furnishings reports the following: • Total sales: $480,000 . Sales returns: $30,000 • Sales discounts: $10,000 Sales allowances: $12,000 What are the net sales?

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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Marlon Furnishings reports the following:
•
Total sales: $480,000
. Sales returns: $30,000
•
Sales discounts: $10,000
Sales allowances: $12,000
What are the net sales?
Transcribed Image Text:Marlon Furnishings reports the following: • Total sales: $480,000 . Sales returns: $30,000 • Sales discounts: $10,000 Sales allowances: $12,000 What are the net sales?
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