Harrison Watches Inc. reported the following amounts at the end of the year: • Total watch sales = $850,000 • Sales discounts • Sales returns == = $18,000 $45,000 Sales allowances = $25,000 Compute net sales.

Harrison Watches Inc. reported the following amounts at the end of the year: • Total watch sales = $850,000 • Sales discounts • Sales returns == = $18,000 $45,000 Sales allowances = $25,000 Compute net sales.

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 9P: Grunewald Industries sells on terms of 2/10, net 40. Gross sales last year were 4,562,500 and...

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Question

Compute net sales on these accounting question

Harrison Watches Inc. reported the following
amounts at the end of the year:
•
Total watch sales = $850,000
•
Sales discounts
•
Sales returns
==
=
$18,000
$45,000
Sales allowances = $25,000
Compute net sales.

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