From the following, calculate net sales: - - =Net sales - - = Data TableCost of Goods Sold$95Gross Sales184Sales Returns and Allowances18Sales Discounts18Operating Expenses47 From the following, calculate net sales:E (Click the icon to view the data.)Net salesData TableCost of Goods Sold$95Gross Sales184Sales Returns and Allowances18Sales Discounts18Operating Expenses47PrintDone

Net sales = Gross Sales - Sales return and allowances - Sales discount

Answered: From the following, calculate net…

From the following, calculate net sales: - - = Net sales - - = Data Table Cost of Goods Sold $95 Gross Sales 184 Sales Returns and Allowances 18 Sales Discounts 18 Operating Expenses 47

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

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From the following, calculate net sales:

	-		-		=	Net sales
	-		-		=

Data Table

Cost of Goods Sold	$95
Gross Sales	184
Sales Returns and Allowances	18
Sales Discounts	18
Operating Expenses	47

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