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Total gross sales for the period include the following: {:[ Credit card sales (discount 4%),$9,100],[ Sales on account (3/15, n/60) ,$11,400]:} Sales returns related to
Total gross sales for the period include the following: {:[" Credit card sales (discount "4%),$9","100],[" Sales on account (3/15, n/60) ",$11","400]:} Sales returns related to sales on account were $650. All returns were made before payment. One-half of the remaining sales on account were paid within the discount period. The company treats all discounts and returns as contra-revenues. What amount will be reported on the income statement as net sales
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