It's net sales equal general accounting A company has cash sales of $75,000, credit sales of$320,000, sales returns and allowances of $13,700, andsales discounts of $6,000. Its net sales equal:a. $395,000b. $375,300c. $300,300d. $339,700e. $414,700

Step 1: Definition of Net SalesNet sales represent the total revenue generated from sales after…

Answered: A company has cash sales of $75,000,…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 19Q: The following is select account information for Sunrise Motors. Sales: $256,400; Sales Returns and...

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A company has cash sales of $75,000, credit sales of $320,000, sales returns and allowances of $13,700, and sales discounts of $6,000. Its net sales equal: a. $395,000 b. $375,300 c. $300,300 d. $339,700 e. $414,700