What is the correct answer accounting Delta Company had cash sales of $112,450, credit sales of $78,925, salesreturns and allowances of $3,275, and sales discounts of $4,850. Delta's netsales for this period equal:a. $191,375b. $183,250c. $187,125d. $112,450e. $78,925

Step 1: Definition of Net SalesNet Sales refers to the total revenue earned from sales of goods or…

Answered: Delta Company had cash sales of…

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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Delta Company had cash sales of $112,450, credit sales of $78,925, sales returns and allowances of $3,275, and sales discounts of $4,850. Delta's net sales for this period equal: a. $191,375 b. $183,250 c. $187,125 d. $112,450 e. $78,925