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Party Products Company reported the following amounts at the end of the year: Total sales revenue Sales returns Sales allowances Sales discounts 710,000 40,000 20,000

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Party Products Company reported the following amounts at the end of the year: Total sales revenue Sales returns Sales allowances Sales discounts 710,000 40,000 20,000 15,000 In addition, at the end of the year the company estimates the following transactions associated with this year's sales will occur next year: Sales returns: $3,000; Sales allowances: $1,000; Sales discounts: $1,000 How much is net revenues? Multiple Choice

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