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A company has sales of $1,500,000, sales discounts of $102,000, sales returns and allowances of $123,000, shipping charges of $15,000, sales commissions of $34,000,net income totaled $263,500, and cost of goods sold of $420,000. What is the net sales amount for the period

a) $1,500,000

b) $1,275,000

c) $1,725,000

d) $1,521,000

e) $1,479,000

Accounting Basics, Accounting

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  • Reference No.:- M947155

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