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Aster Mart recorded the following: cash sales $47,500, credit sales $82,500, sales return $5,200, sales allowances $3,800, and early payment discount taken by customers $4,100. Calculate the net sales. a) $117,500 b) $117,400 c) $116,900 d) $118,300

Aster Mart recorded the following: cash sales $47,500, credit sales $82,500, sales return $5,200, sales allowances $3,800, and early payment discount taken by customers $4,100. Calculate the net sales. a) $117,500 b) $117,400 c) $116,900 d) $118,300

Principles of Accounting Volume 1
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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Calculate the net sales.

Aster Mart recorded the following: cash sales $47,500, credit sales $82,500, sales return $5,200, sales allowances $3,800, and early payment discount taken by customers $4,100. Calculate the net sales. a) $117,500 b) $117,400 c) $116,900 d) $118,300
Transcribed Image Text:Aster Mart recorded the following: cash sales $47,500, credit sales $82,500, sales return $5,200, sales allowances $3,800, and early payment discount taken by customers $4,100. Calculate the net sales. a) $117,500 b) $117,400 c) $116,900 d) $118,300
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