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Need help finding the net sales and gross profit, can someone help me please? Required information The following information applies to the questions displayed below.]
Need help finding the net sales and gross profit, can someone help me please? Required information The following information applies to the questions displayed below.] Hair World Inc. is a wholesaler of hair supplies. Hair World uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: $87,200 a. Sold merchandise for cash (cost of merchandise $46,797). b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $630 ). c. Sold merchandise (costing $9,025 ) to a customer on account with terms n/60. d. Collected half of the balance owed by the customer in (c). e. Granted a partial allowance relating to credit sales the customer in (c) had not yet paid. 1,050 19,000 9,500 304 Required: 1. Compute Net Sales and Gross Profit for Hair World. Net Sales Gross Profit
Need help finding the net sales and gross profit, can someone help me please?
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