The total sales for April were $265,000, of which 60% was on credit. One percent of the

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The total sales for April were $265,000, of which 60% was on credit. One percent of the total sales was defective and returned. Two percent of the net credit sales were sales discounts. What are the amount of sales returns and allowance, sales discounts, and net sales?
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Financial Accounting

ISBN: 978-0132889711

1st Canadian Edition

Authors: Jeffrey Waybright, Liang Hsuan Chen, Rhonda Pyper

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