18 July, 21:07
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:
18 July, 22:31
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
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» 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: