Exercise 4-11 Computing net sales for multiple-step income statement LO P4 A company reports the following sales-related Information. $ 205,000 Sales returns and allowances 4,100 Sales salaries expense $12,000 10,100 Sales, groBS Sales discounts Prepare the net sales portion only of this company's multiple-step income statement. Multiple-Step Income Statement (Partial) Net sales
Exercise 4-11 Computing net sales for multiple-step income statement LO P4 A company reports the following sales-related Information. $ 205,000 Sales returns and allowances 4,100 Sales salaries expense $12,000 10,100 Sales, groBS Sales discounts Prepare the net sales portion only of this company's multiple-step income statement. Multiple-Step Income Statement (Partial) Net sales
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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 alt="Exercise 4-11 Computing net sales for multiple-step income statement LO P4
A company reports the following sales-related information.
Sales, gross
Sales discounts
$ 205,000 Sales returns and allowances
4,100 Sales salaries expense
$ 12,000
10,100
Prepare the net sales portion only of this company's multiple-step income statement.
Multiple-Step Income Statement (Partial)
Net sales
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Transcribed Image Text:Exercise 4-11 Computing net sales for multiple-step income statement LO P4
A company reports the following sales-related information.
Sales, gross
Sales discounts
$ 205,000 Sales returns and allowances
4,100 Sales salaries expense
$ 12,000
10,100
Prepare the net sales portion only of this company's multiple-step income statement.
Multiple-Step Income Statement (Partial)
Net sales
< Prev
3 of 5
Next >
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Net sales = Sales, gross - Sales discount - Sales return and allowances
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