contours, Inc. sold merchandise that cost

Learning Objective: 04-04 Determine the amou net sales. Multiple Choice value: 0.10 points Contours, Inc. sold merchandise that cost $6,000 to a customer on account for $9,000 under terms 2/10, n/30. Customers returned merchandise that had been sold for $1,000. This merchandise had originally cost Contours $700. Which of the following shows how the sales return will affect a company's financial statements? Cash Flow Statement Balance Sheet Income Statement cash :+ AR + hw, l- Liab--* Equity NA 1,0001 NA (1000)NA NA N.Soles Exp.Net In (1,000) NA :(700 1700 1,000 NA NA NA NA : (7001: Balance Sheet Cash Flow Income Statement Cash AR Inv.Liab.Equity NA (1,000 700 Sales ExpNet i. NA (1,000) NA 700 NA NA 1,000)NA NA1,000) NA 700 Balance Sheet Cash Flow Statement Assets Income Statement CashARIv.tabEquity NA 1000)N NANA00NA700 N Sales-Txp.Net inc. (1,000 ,000)NA (1,000 1,000) 04 NA 70700 Balance Sheet Cash Flow Stetement Income Statement Cash.. AR inv.. Liat.. tquity N.Sales-x Net 1,000 NA 1,000 17001 Roferences eBook& Resources Multiple Choice