Use this information to calculate the following:
Sales returns $ 700
Rent expense 1,288
Sales discounts 950
Depreciation expense 600
Cost of merchandise sold 7,600
Gross sales 20,900
Advertising expense 1,650
Salary expense 2,900
Heat expense 900
A. Net sales
Net sales =
write your answer as a fraction in simplest form.
3/2 x 7/6 =
Gross sales - Sales returns - Sales discounts
Net sales = $20,900 - $700 - $950
Net sales = $19,250
Gross sales - Sales returns - Sales discounts
Net sales = $20,900 - $700 - $950
Net sales = $19,250