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During the month of February, Vega Computing recorded the following amounts in each of the following accounts: Account Amount Sales Revenue (gross) 10,000,000 Cost of
During the month of February, Vega Computing recorded the following amounts in each of the following accounts: Account Amount Sales Revenue (gross) 10,000,000 Cost of goods sold 8,000,000 Utilities Expense 20,000 Credit card discount expense 50,000 Sales Returns and allowances 200,000 Sales discounts 100,000 What amount of net sales would be reported on the company's income statement for February? O 9,700,000 O 9,630,000 O 1,630,000 9,650,000
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