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6. Following are some of the account balances for KC Antiques. (7 points) Sales Sales Discounts $343,250 $ 5,000 Sales Returns & Allowances $
6. Following are some of the account balances for KC Antiques. (7 points) Sales Sales Discounts $343,250 $ 5,000 Sales Returns & Allowances $ 6,000 Sales Salaries Purchases(invoice costs) $ 30,000 Cost of Transportation In $ 5,000 $150,000 Purchases Discounts $ 2,500 Purchases Returns & Allow. $ 2,700 Insurance $ 3,000 a. Using the info above, calculate Net Sales. b. Calculate Net Purchases.
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Intermediate Accounting
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
10th Canadian Edition, Volume 1
978-1118735329, 9781118726327, 1118735323, 1118726324, 978-0176509736
