Question
Credit card sales (discount 2%) $ 8,500 Sales on account (1/15, n/60) $ 10,000 Sales returns related to sales on account were $500. All returns
| Credit card sales (discount 2%) | $ | 8,500 |
| Sales on account (1/15, n/60) | $ | 10,000 |
| Sales returns related to sales on account were $500. All returns were made before payment. One-half of the remaining sales on account were paid within the discount period. The company treats all discounts and returns as contra-revenues. |
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Real Life Money An Honest Guide To Taking Control Of Your Finances
Authors: Clare Seal
1st Edition
1472272293, 978-1472272294
