Question: QUESTION 12 2 points Save Answer A company had the following partial list of account balances at year-end. Sales Returns and Allowances Accounts Receivable Sales
QUESTION 12 2 points Save Answer A company had the following partial list of account balances at year-end. Sales Returns and Allowances Accounts Receivable Sales Discounts Sales Revenue Allowance for Doubtful Accounts Credit Card Fees $1,400 $38,000 $2,000 $92,000 $2,100 $700 The amount of Net Sales shown on the income statement would be: a. 588,600 b.$90,000 C $87,900 d. 592.000 2 points Save Answer QUESTION 13 On April 1, 2020, Manny Corporation sold their customer Dora, Inc. $12,000 of products with the payment terms of 2/15; net 30. If Dora pays Manny on April 10th, the amount of cash received would be: $0 $240 $11,760 $12,000
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