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ABC Companies sells $ 50,000 worth of merchandise to a new customer. The customer returned merchandise valued at $ 10,000 and paid the remaining balance

ABC Companies sells $ 50,000 worth of merchandise to a new customer. The customer returned merchandise valued at $ 10,000 and paid the remaining balance within the 3% discount period. The company will report net sales of: Multiple Choice $ 40,000 $ 48,500 $ 38,800 $ 50,000

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