The Sales Returns and Allowances

Using the following data, compute net salessales discounts 50,000 Accounts receivable, ending 125,000 Gross Sales 2,500,000
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2. asked by Kenny
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Income summary 6,800.40Sales 264,048.10 Sales Discounts 5,941.00 Sales Returns and Allowances 7,921.40 Purchases 96,905.70
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Income summary 6,800.40Sales 264,048.10 Sales Discounts 5,941.00 Sales Returns and Allowances 7,921.40 Purchases 96,905.70
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Income summary 6,800.40Sales 264,048.10 Sales Discounts 5,941.00 Sales Returns and Allowances 7,921.40 Purchases 96,905.70
1. 1 answer
2. 105 views
Income summary 6,800.40Sales 264,048.10 Sales Discounts 5,941.00 Sales Returns and Allowances 7,921.40 Purchases 96,905.70
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The Sales Returns and Allowances account has a normal debit balance.
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The information below appeared on the Income Statement section ofthe work sheet for The Greenhouse. Income Statement Debit
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The information below appeared on the Income Statement section ofthe work sheet for The Greenhouse. Income Statement Debit
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The information below appeared on the Income Statement section ofthe work sheet for The Greenhouse. Income Statement Debit
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Trading Account for the Period . ....£ £ £ Column 1 Column 2 Column 3 Sales XXXX less Sales returns (Returns inwards) XXXX
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