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During the months of January and February, Lowell Corporation sold goods to three customers. The sequence of events was as follows: January 6 Sold goods
During the months of January and February, Lowell Corporation sold goods to three customers. The sequence of events was as follows:
January Sold goods for $ to L Lawrence and billed that amount subject to terms n
January Sold goods to M Methuen for $ and billed that amount subject to terms n
January Collected cash due from L Lawrence.
February Collected cash due from M Methuen.
February Sold goods for $ to R Riverside and billed that amount subject to terms n
Required:
Assuming that Sales Discounts is treated as a contrarevenue, compute net sales for the two months ended February
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