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What is the amount of the check

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Q1. Cheyenne Corp. sells merchandise on account for $6700 to Tamarisk, Inc. with credit terms of 2/12, n/30. Tamarisk, Inc. returns $1300 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amount of the check?

Q2. Financial information is presented below:

Operating expenses $43000

Sales returns and allowances 2000

Sales discounts 8000

Sales revenue 170000

Cost of goods sold 97000

What the amount of net sales on the income statement?

Reference no: EM133100491

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