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MBC, Inc., reported the following amounts at the end of the year: Total sales $878,500 Accounts receivable 44,700 Sales allowances 300 Sales returns 8,900 Sales
MBC, Inc., reported the following amounts at the end of the year:
Total sales | $878,500 |
Accounts receivable | 44,700 |
Sales allowances | 300 |
Sales returns | 8,900 |
Sales discounts | 12,000 |
Allowance for Uncollectible accounts 6. determine total contra revenues for the company 7. determine net sales for the company | 3,600
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