Total gross sales for the period include the following: Credit card sales (discount 3%) Sales on account (2/15, n/60) $

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Total Gross Sales For The Period Include The Following Credit Card Sales Discount 3 Sales On Account 2 15 N 60 1 (56.17 KiB) Viewed 10 times

Total gross sales for the period include the following: Credit card sales (discount 3%) Sales on account (2/15, n/60) $ 10,000 $ 10,600 Sales returns related to sales on account were $400. All returns were made before payment. One-half of the remaining sales on account were paid within the discount period. The company treats all discounts and returns as contra-revenues. What amount will be reported on the income statement as net sales? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete but not entirely correct. $ 19,588.00 x Net sales