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Wildhorse Co, provides this information for the month ended October 31, 2017: sales on credit $305,400, cash sales $154,300,
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Answer #1
WILDHOURSE CO.
Income Statement ( Partial)
For the Month Ended October 31, 2017
Sales
Total Sales ( 305,400 + 154,300) 459,700
Less:
Sales returns and allowances 23,660
Sales discounts 5,130
-28,790
Net Sales $430,910

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