A. Cosby Company provides the following information for the month ended October 31, 1998: Sales on credit

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A. Cosby Company provides the following information for the month ended October 31, 1998: Sales on credit $\$ 300,000$, Cash sales $\$ 100,000$, Sales discounts $\$ 5,000$, Sales returns and allowances $\$ 20,000$. Prepare the sales revenues section of the income statement based on this information.

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