Please give me answer Herald Company had sales of $152,000, sales discounts of$3,700, and sales returns of $4,900. Herald Company's netsales equal:A. $160,600B. $152,000C. $143,400D. $8,600E. $148,300

Step 1: Define Gross SalesGross sales are the sum of all sales activities before any deductions,…

Answered: Herald Company had sales of $152,000,…

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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Herald Company had sales of $152,000, sales discounts of $3,700, and sales returns of $4,900. Herald Company's net sales equal: A. $160,600 B. $152,000 C. $143,400 D. $8,600 E. $148,300