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during the months of january and february hancock corporation sold goods to three customers During the months of January and February, Hancock Corporation sold goods
during the months of january and february hancock corporation sold goods to three customers
During the months of January and February, Hancock Corporation sold goods to three customers. The sequence of events was as follows: Jan. 6 Sold goods for $700 to S. Green and billed that amount subject to terms 1/10, n/30. 6 Sold goods to M. Munoz for $640 and billed that amount subject to terms 1/10, n/30. 14 Collected cash due from S. Green. 2 Collected cash due from M. Munoz. 28 Sold goods for $510 to R. Reynolds and billed that amount subject to terms 1/10, n/45. Feb. Required: Assuming that Sales Discounts is treated as a contra-revenue, compute net sales for the two months ended February 28Step by Step Solution
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