Need help with this general accounting question please solve Herald Company had sales of $135,000, salesdiscounts of $2,000, and sales returns of $3,200.Herald Company's net sales equal:A. $5,200.B. $129,800.C. $133,000.D. $135,000.E. $140,200.

Step 1: Define Net SalesNet sales are gross sales after adjusting for sales returns and allowances…

Answered: Herald Company had sales of $135,000,…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter16: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 29E

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Herald Company had sales of $135,000, sales discounts of $2,000, and sales returns of $3,200. Herald Company's net sales equal: A. $5,200. B. $129,800. C. $133,000. D. $135,000. E. $140,200.