Sales 307750 sales discounts 5850 sales returns 11690 total


Question - The following are reported amounts from Ellis Company's multiple-step income statement: Cost of merchandise sold $199,840 Merchandise inventory 139,890 Sales 307,750 Sales discounts 5,850 Sales returns 11,690 Total administrative expenses 15,700 Total selling expenses 37,240 How much is net sales?

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Accounting Basics: Sales 307750 sales discounts 5850 sales returns 11690 total
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