Calculate net sales reported in the income statement

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Reference no: EM133378996

Question: On April 25, Kerrytown Electric installs wiring in a new home for $3,200 on account. However, on April 27, Kerrytown's electrical work does not pass inspection, and Kerrytown grants the customer an allowance of $570 because of the problem. The customer makes full payment of the balance owed, excluding the allowance, on April 30. Required: Record the journal entries for the above information. 4. Calculate net sales reported in the income statement.

Reference no: EM133378996

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