a company reports the following sales related information sales,gross $200,000 sales returns and allowances $16000 sales discounts $4000 sales salaries expense $10000 question: Prepare the net sales portion only of this company's multiple step income statement

a company reports the following sales related information sales,gross $200,000 sales returns and allowances $16000 sales discounts $4000 sales salaries expense $10000 question: Prepare the net sales portion only of this company's multiple step income statement

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 22Q: The following is select account information for August Sundries. Sales: $850,360; Sales Returns and...

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Question

a company reports the following sales related information

sales,gross	$200,000 sales returns and allowances	$16000
sales discounts	$4000 sales salaries expense	$10000

question: Prepare the net sales portion only of this company's multiple step income statement

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