Answer this general accounting problem Alam Store recorded the following: cashsales $52,000, credit sales $78,000, salesreturn $6,000, sales allowances $4,300, andearly payment discount taken by customers$3,600. Calculate the net sales.

Explanation of Gross Sales:Gross sales refer to the total revenue generated from the sale of goods…

Answered: Alam Store recorded the following: cash…

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter16: Accounting For Accounts Receivable

Section: Chapter Questions

Problem 1CE

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Alam Store recorded the following: cash sales $52,000, credit sales $78,000, sales return $6,000, sales allowances $4,300, and early payment discount taken by customers $3,600. Calculate the net sales.