Business, 18.08.2019 03:10 ritahastie7533
The following information pertains to spee co.'s 20x1 sales: cash salesgross $40,000returns and allowances 2,000credit salesgross 60,000discounts 3,000on january 1, 20x1, customers owed spee $20,000. on december 31, 20x1, customers owed spee $15,000. spee uses the direct write-off method for bad debts. no bad debts were recorded in 20x1. under the cash basis of accounting, what amount of revenue should spee report for 20x1? a. $100,000b. $95,000c. $85,000d. $38,000
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The following information pertains to spee co.'s 20x1 sales: cash salesgross $40,000returns and allo...
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