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Your Company has the following transactions: Your company sold $65,500 of its inventory for $95,000 on account, terms 3/10, n/30. Your Company sold the inventory
Your Company has the following transactions: Your company sold $65,500 of its inventory for $95,000 on account, terms 3/10, n/30. Your Company sold the inventory under FOB destination. Shipping cost $500 Your Customer was unhappy with the condition of the merchandise. Your Company offered a $2,500 allowance against the purchase price to satisfy the customer. Your Company was paid within the first ten days. What is net sales for the period?
Group of answer choices
$90,225
$92,500
$89,725
$89.650
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