Essay
During the current period, Mercado Corp.sold products to customers for a total of $76,000.Due to defective products, customers were given $2,800 in refunds for products that were returned and another $3,500 in reductions to their account balances.Discounts in the amount of $5,500 were given for early payment of account balances.
Prepare the Net Sales section of Mercado's income statement.
Correct Answer:
Verified
Correct Answer:
Verified
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