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Hoosier Inc. had the following transactions during 2022: - Credit card sales totaling $600,000. The credit card fee was 3% of card sales. - Cash
Hoosier Inc. had the following transactions during 2022: - Credit card sales totaling $600,000. The credit card fee was 3% of card sales. - Cash sales totaling $10,000. $500 of these sales were returned by the customer. - Sales on account (on credit): $50,000. The terms of the credit sales were 2/10,n/30. All of the credit . sales were collected during 2022 within the discount period. What was Net Sales reported on the 2022 income statement? None of the answers are correct $659,500 $658,500 $660,000 $640,500
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