Give answer Gibson Enterprises had sales of $189,500,of $3,150, andsales discountsreturns of $4,900.salesWhat are Gibson Enterprises' net sales?(a) $6,025(b) $181,450(c) $185,350(d) $189,500(e) $197,550

Explanation of Net Sales:Net sales represent the actual revenue a company earns after deducting any…

Answered: Gibson Enterprises had 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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Gibson Enterprises had sales of $189,500, of $3,150, and sales discounts returns of $4,900. sales What are Gibson Enterprises' net sales? (a) $6,025 (b) $181,450 (c) $185,350 (d) $189,500 (e) $197,550