Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN: 9781337788281
Author: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher: Cengage Learning
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West Equipment Company had the following data for the period
just ended:
Cash sales, $32,000; credit
sales, $297,000;
sales
discounts, $23,000; sales returns & allowances, $16,000; freight-
in, $25,000; and freight-out, $18,000.
The company would report net sales revenue on its income
statement of $
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Transcribed Image Text:West Equipment Company had the following data for the period just ended: Cash sales, $32,000; credit sales, $297,000; sales discounts, $23,000; sales returns & allowances, $16,000; freight- in, $25,000; and freight-out, $18,000. The company would report net sales revenue on its income statement of $
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