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A company had the following partial list of account balances at year-end: Sales returns and allowances Account Receivable Sales discounts Sales Revenue Selling and Administrative
A company had the following partial list of account balances at year-end: Sales returns and allowances Account Receivable Sales discounts Sales Revenue Selling and Administrative Expenses $500 9,000 700 57,200 300 The amount of net sales reported on the Income Statement should be: Multiple Choice $57,200. $64,200 $56,000. $55,700
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