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BE5.8 (LO 5) Financial Statement Nelson Company provides the following information for the month ended October 31, 2020: sales on credit $280,000, cash sales $95,000,

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BE5.8 (LO 5) Financial Statement Nelson Company provides the following information for the month ended October 31, 2020: sales on credit $280,000, cash sales $95,000, sales discounts $5,000, and sales returns and allowances $11,000. Prepare the sales section of the income statement based on this information

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