Ask Question
27 May, 10:35

Prentice company had cash sales of $94,325, credit sales of $83,475, sales returns and allowances of $1,725, and sales discounts of $3,500. prentice's net sales for this period equal:

+3
Answers (1)
  1. 27 May, 12:28
    0
    Cash sales = $94,325

    Credit sales = $83,475

    Sales returns and allowances = $1,725

    Sales discounts = $3,500

    To solve for net sales:

    Net sales = (cash sales + credit sales) - sales returns and allowances - discounts)

    Net sales = (94,325 + 83,475) - 1,725 - 3,500

    Net sales = $173,075
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Prentice company had cash sales of $94,325, credit sales of $83,475, sales returns and allowances of $1,725, and sales discounts of $3,500. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers