Question: Please explain the solution to this general accounting problem using the correct accounting principles. Deluxe Furniture Co. reported the following amounts at the end of

Please explain the solution to this general accounting problem using the correct accounting principles.

Deluxe Furniture Co. reported the following amounts at the end of the year: 'Total sales: $950,000 Sales returns: $2,500 Sales discounts: $8,000 Sales allowances: $1,500 Accounts receivable: $95,000 Allowance for uncollectible accounts: $6,000 What are the total contra revenues for Deluxe Furniture Co

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