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Kelly’s jewelry has the following transactions during the year: total jewelry sales = $580,000; sales discounts = $11,500; sales returns = $33,000; sales allowances = $13,000. 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 = $1,150; sales returns = $3,960; sales allowances = $1,730. compute net sales.
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