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What amount of net sales would be shown on income statement

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Reference no: EM132802384

Question - A company had the following partial list of account balances at year-end:

Sales returns and allowances $500

Trade receivables 9,000

Sales discounts 700

Sales revenues 57,200

Allowance for doubtful accounts 300

Required - What amount of Net Sales would be shown on the income statement?

a. $55,700.

b. $56,000.

c. $57,200.

d. $64,200.

Reference no: EM132802384

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