Question: I am looking for help with this general accounting question using proper accounting standards. Vertex Audio Solutions reported the following amounts at the end of

I am looking for help with this general accounting question using proper accounting standards.

Vertex Audio Solutions reported the following amounts at the end of the year: Description Amount ($) Total Sales 1,500,000 Accounts Receivable 150,000 Sales Allowances 3,000 Allowance for Uncollectible Accounts 10,000 Sales Discounts 18,000 Sales Returns 7,000 1. Determine total contra revenues for the company. 2. Determine net sales for the company

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