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During the month of May, Seki's Jewellers made sales of $65,000, with $39,000 sold on credit and the remaining for cash. The business collected $31,200
During the month of May, Seki's Jewellers made sales of $65,000, with $39,000 sold on credit and the remaining for cash. The business collected $31,200 from the previous month's credit sales that excluded a bad debt of $1,560. What was the total revenue recognised in the month of May? (Ignore GST for this question)
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
9781285586618
