Question

A company had the following partial list of account balances at year-end: Sales Returns and Allowances $ 1,800 Accounts Receivable 42,000 Sales Discounts 2,900 Sales Revenue 99,000 Allowance for Doubtful Accounts 2,000 How much is net sales revenue

Answer 1

Answer: $94,300

Step-by-step explanation:

Net Sales revenue will be;

= Sales revenue - Sales Returns and Allowances - Sales Discounts

= 99,000 - 1,800 - 2,900

= $94,300

Net sales revenue is imparted by sales discounts and sales returns alone in this instance.