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    Fisher321's Avatar
    Fisher321 Posts: 6, Reputation: 1
    New Member
    		  
    #1

    Jan 22, 2007, 01:51 PM
    Net Sales
    X Company had the following account balances: Sales Revenue, $150,000; Sales Returns and Allowances, $3,000; Sales Discounts, $3,600; and Bad Debts, $600. Given these balances, the amount of net sales is:
    a. $150,000
    b. $147,000
    c. $143,400
    d. $142,800
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    Jan 22, 2007, 10:04 PM
    150K - 3K - 3,600 = 143,400

    c. $143,400
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