A company reports the following amounts at the end of the year: Total sales revenue = $400,000;
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A company reports the following amounts at the end of the year:
Total sales revenue = $400,000;
Cash = $35,000;
Sales discounts = $10,000;
Accounts receivable = $20,000;
Allowance for uncollectible accounts= 500,
Sales returns = $15,000;
Operating expenses = $70,000;
Sales allowances = $25,000.
Compute net revenues.
Related Book For
Engineering Fluid Mechanics
ISBN: 9781118880685
11th Edition
Authors: Donald F. Elger, Barbara A. LeBret, Clayton T. Crowe, John A. Robertson
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