Horizon Office Supplies had the following data for the most recent period: . Cash sales: $55,000 • Credit sales: $310,000 • Sales discounts: $30,000 • Sales returns & allowances: $20,000 • . Freight-in: $18,000 Freight-out: $12,000 What is the net sales revenue reported on the income statement?
Horizon Office Supplies had the following data for the most recent period: . Cash sales: $55,000 • Credit sales: $310,000 • Sales discounts: $30,000 • Sales returns & allowances: $20,000 • . Freight-in: $18,000 Freight-out: $12,000 What is the net sales revenue reported on the income statement?
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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Transcribed Image Text:Horizon Office Supplies had the following data for the most recent
period:
.
Cash sales: $55,000
•
Credit sales: $310,000
•
Sales discounts: $30,000
•
Sales returns & allowances: $20,000
•
.
Freight-in: $18,000
Freight-out: $12,000
What is the net sales revenue reported on the income statement?
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