Quick answer of this accounting Highland Merchandise reported gross sales of $247,650 for the quarter. Duringthis period, the company had sales returns of $8,340, sales allowances of$2,975, and sales discounts of $6,125. What was Highland's net sales for thequarter?

Step 1: Detailed Explanation of Net SalesNet Sales represents the actual revenue a company earns…

Answered: Highland Merchandise reported gross…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 6EB: Langstons purchased $3,100 of merchandise during the month, and its monthly income statement shows a...

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What is the company's net sales for this period?
What is the company's net sales for this period?
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Highland Merchandise reported gross sales of $247,650 for the quarter. During this period, the company had sales returns of $8,340, sales allowances of $2,975, and sales discounts of $6,125. What was Highland's net sales for the quarter?