Accounts Payable $7,000 Accounts Receivable 26,000 Inventory 23,000 Advertising Expense 19,500 Cost of Goods Sold 149,000 Delivery
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Question:
| Accounts Payable | $7,000 |
|---|---|
| Accounts Receivable | 26,000 |
| Inventory | 23,000 |
| Advertising Expense | 19,500 |
| Cost of Goods Sold | 149,000 |
| Delivery Expense | 7,500 |
| Income Tax Expense | 3,900 |
| Insurance Expense | 1,000 |
| Rent Expense | 18,000 |
| Sales Revenue | 310,000 |
| Sales Discounts | 9,500 |
| Sales Returns & Allowances | 41,500 |
What would be the Net sales ?
Expert Answer:
Related Book For 
Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
Posted Date:
