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Compute net sales

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Problem - Kelly's Jewelry has the following transactions during the year: total jewelry sales = $550,000; sales discounts = $10,000; sales returns = $30,000; sales allowances = $10,000. In addition, at the end of the year the company estimates the following transactions associated with jewelry sales in the current year will occur next year: sales discounts = $1,000; sales returns = $3,600; sales allowances = $1,330. Compute net sales.

Reference no: EM132829734

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