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    College Accounting Study Set 2
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    Exam 9: Sales and Cash Receipts
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    Calculate Gross Sales: Net Sales = $100,000
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Calculate Gross Sales: Net Sales = $100,000

Question 75

Question 75

Short Answer

Calculate gross sales:
net sales = $100,000
sales returns and allowances = $25,000
sales discounts = $30,000
accounts receivable = $12,000

Correct Answer:

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