Use the data provided to compute net sales


Problem: The following is the adjusted trial balance data for B's Pizzeria as of December 31, 2021. B's Pizzeria Adjusted Trial Balance Year ended December 31, 2021 Debit Credit Cash $ 775,984 Accounts Receivable $ 45,688 Buildings $ 200,460 Merchandise Inventory $ 135,624 Accounts Payable $ 437,880 Common Stock $ 410,542 Sales $ 555,696 Interest Revenue $ 84,652 Rent Revenue $ 86,900 Sales Salaries Expense $ 24,500 Office supplies Expense $ 6,270 Sales Discounts $ 102,890 Interest Expense $ 4,577 Sales Returns and Allowances $ 105,854 Cost of goods sold $ 122,853 Rent Expense $ 20,000 Depreciation Expense: Office Equipment $ 10,555 Insurance Expense $ 2,780 Advertising Expense $ 17,635 TOTALS $ 1,575,670 $ 1,575,670 A. Use the data provided to compute net sales for 2021.

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Accounting Basics: Use the data provided to compute net sales
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