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Question - The following amounts appeared in the adjusted trail balance of company X for the year.
Sales revenue - credit balance of 92000
Deferred revenue - credit balance of 28000
Sales discounts - debit balance of 8000
Cost of sales - debit balance of 26000
Sales returns and allowances - debit balance of 5000
Delivery expenses - debit balance of 7600
Required - Calculate net sales for the year?
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partnership agrees to dissolve. the cash balance after selling all assets and paying all liabilities is 60000. the
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wissota co. applies overhead based on direct labor hours. the variable overhead standard is 4 hours at 6 per hour.
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If a customer agrees to retain merchandise that is defective because the seller is willing to reduce the selling price, this transaction is known as a sales
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