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Patel Trading reported cash sales $120,000, credit sales $280,000, returns $20,000. Determine the total sales.

Patel Trading reported cash sales $120,000, credit sales $280,000, returns $20,000. Determine the total sales.

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 12MCQ: Smoltz Company reported the following information for the current year: cost of goods sold,...
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Determine the total sales

Patel Trading reported cash sales $120,000, credit sales $280,000, returns $20,000. Determine the total sales.
Transcribed Image Text:Patel Trading reported cash sales $120,000, credit sales $280,000, returns $20,000. Determine the total sales.
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