From the following, calculate (a) Net sales. (b) Gross profit. (c) Net income. Data Sales, $35,000; Sales
Question:
From the following, calculate
(a) Net sales.
(b) Gross profit.
(c) Net income.
Data Sales, $35,000;
Sales Discounts, $800;
Sales Returns and Allowances, $5,000;
Cost of Goods Sold, $13,700;
Operating Expenses, $4,900.
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Related Book For 
College Accounting A Practical Approach
ISBN: 9780135222416
14th Canadian Edition
Authors: Jeffrey Slater, Debra Good
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