M6-2 reporting net sales sales discounts, credit card discount, and sales returns LO6-1

1. 100 points M6-2 Reporting Net Sales with Sales Discounts, Credit Card Discounts, and Sales Returns LO6-1 Total gross sales for the period include the following Credit card second Sales on cost (3/15, ) $9.400 $ 12.000 Sales returned to sales on account were 1600 All returns were made before payment One-half of the remaining on account were pad within the discount period. The company treatscounts and retumsas contra revenues What amount will be reported on the inconstatement as net ses? (Do not round intermediate calculations. Round your answer to 2 decimal places) Net sales 2 decimal places required