Homework Answers
--Requirement solved, based on available data
| Current Year | Next Year | ||
| A | Sales | $750,000 | $750,000 |
| B | Sales discount | $20,000 | $2,000 |
| C | Sales return | $50,000 | $6,000 |
| D | Sales Allowances | $30,000 | $4,000 |
| E = A - B - C - D | Net Sales | $650,000 | $738,000 |
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BE5-2 Kelly's Jewelry has the following transactions during the year: total jewelry sales = $750,000; sales...
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