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Use the following to answer questions 6-7 MC, Inc., reported the following amounts at the end of the year: Total sales $625,000 Accounts receivable
Use the following to answer questions 6-7 MC, Inc., reported the following amounts at the end of the year: Total sales $625,000 Accounts receivable 72,000 Sales allowances 1,100 Allowance for Uncollectible accounts 4,500 Sales discounts 8,200 Sales returns 5,300 6. $ Determine total contra revenues for the company 7. $ Determine net sales for the company
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