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What amount of sales revenue should paramount recognize for

Question - Paramount Trading Co. sells watches to retailers with the right of return. Based on past experience Paramount estimates 20% returns of the annual sales. The Sales and returns data of Paramount for the year 2013 is given here. What amount of sales revenue should Paramount recognize for 2013. Prepare journal entries for sales and sales returns of 2013.

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Accounting Basics: What amount of sales revenue should paramount recognize for

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