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On June 15, Oakley Inc. Sells inventory on account to Sunglass Hut (SH) for $7,000, terms 2/10, 1/30. On June 20, SH returns to Oakley
On June 15, Oakley Inc. Sells inventory on account to Sunglass Hut (SH) for $7,000, terms 2/10, 1/30. On June 20, SH returns to Oakley Inventory that SH had purchased for $1,500. On June 24, SH completely fulfills its obligation to Oakley by making a cash payment. What are the net sales of Oakley? Multiple Choice 55,360 57000 55,390 $5.500
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Cost Accounting A Decision Emphasis
Authors: Germain Boer, Debra Jeter
5th Edition
0759341559, 978-0759341555
