Answered: Riverdale Distributors sold $780,000…

Riverdale Distributors sold $780,000 worth of merchandise, had $95,000 returned, and then the balance was paid during the 3% discount period. How much was Riverdale's net sales?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...

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Kindly help me with accounting questions

Riverdale Distributors sold $780,000 worth of merchandise, had
$95,000 returned, and then the balance was paid during the 3%
discount period. How much was Riverdale's net sales?

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