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Weston Jewelers Uses the Perpetual Inventory System

Question 163

Multiple Choice

Weston Jewelers uses the perpetual inventory system.On April 2,Weston sold merchandise with a cost of $5,000 for $10,000 to a customer on account with terms of 2/15,n/30.On April 4,the customer reported damaged goods,and Michelin granted a $2,000 sales allowance.On April 10,Weston received payment from the customer.Calculate the amount of net sales revenue.


A) $9,840
B) $10,000
C) $8,000
D) $7,840

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