Austin SoundAustin Sound sold inventory for $ 300 comma 000$300,000, terms 22/10, n/30. Cost of goods sold was $ 152...

Question

Question

Austin SoundAustin Sound sold inventory for $ 300 comma 000$300,000, terms 22/10, n/30. Cost of goods sold was $ 152...

Austin SoundAustin Sound

sold inventory for

$ 300 comma 000$300,000,

terms

22/10,

n/30. Cost of goods sold was

$ 152 comma 000$152,000.

How much sales revenue will

Austin SoundAustin Sound

report from the sale? (Assume the company records sales at the net amount.)

business accounting

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Answer 1

Answer #1

Sales revenue to be reported

= 300,000 - (300,000*2%)

= 300,000 - 6,000

= 294,000

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Answer 2

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Add Answer to: Austin SoundAustin Sound sold inventory for $ 300 comma 000$300,000​, terms 22​/10, ​n/30. Cost of goods sold was $ 152...

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Austin SoundAustin Sound sold inventory for $ 300 comma 000$300,000, terms 22/10, n/30. Cost of goods sold was $ 152...

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Austin SoundAustin Sound sold inventory for $ 300 comma 000$300,000, terms 22/10, n/30. Cost of goods sold was $ 152...