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M6-1 (Algo) Reporting Net Sales with Sales Discounts LO6-1 Merchandise invoiced at $8,500 is sold on terms 2/10, n/30. If the buyer pays within the

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M6-1 (Algo) Reporting Net Sales with Sales Discounts LO6-1 Merchandise invoiced at $8,500 is sold on terms 2/10, n/30. If the buyer pays within the discount period, what amount will be reported on the income statement as net sales? Net sales

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