Sunburst Electronics reported the following sales information:Cash sales: $82,750Credit sales: $65,300Sales returns and allowances: $9,450Sales discounts: $5,600Calculate Sunburst Electronics' net sales for this period.a. $133,000b. $148,050c. $138,600d. $143,650e. $127,400

Step 1: Calculate Gross SaleGross sales is the total of both cash sales and credit sales.Cash sales…

Answered: Sunburst Electronics reported the…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 19Q: The following is select account information for Sunrise Motors. Sales: $256,400; Sales Returns and...

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Sunburst Electronics reported the following sales information: Cash sales: $82,750 Credit sales: $65,300 Sales returns and allowances: $9,450 Sales discounts: $5,600 Calculate Sunburst Electronics' net sales for this period. a. $133,000 b. $148,050 c. $138,600 d. $143,650 e. $127,400