Reference no: EM132813324

Edrich Company is engaged in small export business. The Company maintains limited records. Most of the company's transaction are summarized in a cash journal; non-cash  transactions are recorded by making memo entries. The following are abstracted from the company's records;

Accounts receivable                              300,000 increase
Accounts payable                                 200,000 decrease
Notes payable-trade                             150,000 increase
Sales returns (P40,000 was refunded)              900,000
Sales discounts                                           15,000
Purchase returns (P30,000 was refunded)              80,000
Purchase discounts                                        15,000
Accounts written-off                                      60,0000
Cash sales                                                  300,000
Cash purchases                                           250,000
Cash receive from account customers                   1,500,000
Cash payment to trade creditors                 1,300,000

Problem 1: What is the amount of gross sales?