Carson's Bakery had Gross Sales of $200,000. The company was charged $1,000 in credit card fees, $10,000 of sales were returned, the company provided $2,000 worth of discounts to their customers, the company had a balance of $3,000 in the allowance for doubtful account. What is the value of Sales revenue, net on the company income statement? O $189,000 O $184,000 O $187,000 O $200,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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**Problem Statement:**

Carson's Bakery had Gross Sales of $200,000. The company was charged $1,000 in credit card fees, $10,000 of sales were returned, the company provided $2,000 worth of discounts to their customers, and the company had a balance of $3,000 in the allowance for doubtful accounts. What is the value of Sales revenue, net on the company income statement?

**Options:**

- \( \) $189,000
- \( \) $184,000
- \( \) $187,000
- \( \) $200,000
Transcribed Image Text:**Problem Statement:** Carson's Bakery had Gross Sales of $200,000. The company was charged $1,000 in credit card fees, $10,000 of sales were returned, the company provided $2,000 worth of discounts to their customers, and the company had a balance of $3,000 in the allowance for doubtful accounts. What is the value of Sales revenue, net on the company income statement? **Options:** - \( \) $189,000 - \( \) $184,000 - \( \) $187,000 - \( \) $200,000
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