ABC Company sold Euro 80 of goods to XYZ Company on credit on May 1. Tems were 20/5, n/60. PART A The accounting period of the company coincides with the calendar year. In this section, please assume XYZ paid the balance due on May 4. In light of this, net sales reported on ABC 's income statement are Euro... PART B In this section, please assume XYZ returned, on May 2 , Euro 5 of defective goods, and then paid the outstanding balance due on May 16 . In light of this, net sales reported on ABC 's income statement are Euro