correct option provide GreenTech Solutions had cash salesof $55,000, credit sales of $42,500,salesreturns andallowancesof$8,200, andandsalessalesdiscounts of$5,300. What is the company's netsales for this period?A. $95,500B. $84,000C. $79,000D. $89,000E. $92,000

Step 1: Given Data:Cash sales = $55,000Credit sales = $42,500Sales returns and allowances =…

Answered: GreenTech Solutions had cash sales of…

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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GreenTech Solutions had cash sales of $55,000, credit sales of $42,500, sales returns and allowances of $8,200, and and sales sales discounts of $5,300. What is the company's net sales for this period? A. $95,500 B. $84,000 C. $79,000 D. $89,000 E. $92,000