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On June 8 , ABC Company sold $ 4 , 0 0 0 of merchandise to XYZ Company, terms 2 / 2 0 , n

On June 8, ABC Company sold $4,000 of merchandise to XYZ Company, terms 2/20, n/30. The cost of the merchandise sold was $1,000. On June 14, XYZ Company returned $2,000 of the merchandise purchased on June 8. The cost of the merchandise returned was $800. On June 16, ABC Company received the balance due from XYZ Company. ABC Company uses a perpetual inventory system. If these were only sales transactions in June, what amount would ABC Company report as net sales on the income statement for the month ended June 30?

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