Need answer the question Prentice Company had cash salesof $89,275, credit sales of $86,450,sales returns and allowances of$1,900, and sales discounts of$3,875. Calculate Prentice's netsales for this period.

Step 1: Define Sales DiscountThe computation of net sales includes the consideration of sales…

Answered: Prentice Company had cash sales of…

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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Prentice Company had cash sales of $89,275, credit sales of $86,450, sales returns and allowances of $1,900, and sales discounts of $3,875. Calculate Prentice's net sales for this period.