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Reds Market recorded the following events involving a recent purchase of merchandise: Sold goods for $25,000, terms 2/10, n/30 (on December 1, 2020). Received returned
Reds Market recorded the following events involving a recent purchase of merchandise:
Sold goods for $25,000, terms 2/10, n/30 (on December 1, 2020).
Received returned goods of $1,000 from customer and granted credit (on December 5).
Paid $250 freight on the shipment.
Received payment from customer within the discount period.
As a result of these events, the companys net sales
a. increased by $23,270.
b. increased by $23,520.
c. increased by $23,750.
d. increased by $24,000
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