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Pool Corp. reduces net sales by the amount of sales returns and allowances, cash discounts, and credit card fees. Bad debt expense is recorded as
Pool Corp. reduces net sales by the amount of sales returns and allowances, cash discounts, and credit card fees. Bad debt expense is recorded as part of selling and administrative expense. Assume that gross sales revenue for the month was $145,256, bad debt expense was $306, sales discounts were $1,614, sales returns were $1,176, and credit card fees were $2,489. What amount would Pool Corp. report for net sales for the month?
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