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; $650; Operating Expenses, $4,900.
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Related Book For 
College Accounting A Practical Approach
ISBN: 978-0134166698
13th Canadian edition
Authors: Jeffrey Slater, Debra Good
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