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I know this is messed up, can someone help make it right? Kelly's Jewelry has the following transactions during the year: total ewelry sales =
I know this is messed up, can someone help make it right?
Kelly's Jewelry has the following transactions during the year: total ewelry sales = $740,000; sales discounts = $19,500; sales returns = $49,000; sales allowances = $29,000. In addition, at the end of the year the company estimates the following transactions associated with jewelry sales in the current year will occur next year: sales discounts $1,950; sales retums $5,880; sales allowances $3,870. Compute net sales. Total sales S 740,000 17,550 43,120 25,130 Sales discounts Sales returns Less: Sales allowances Add: Sales allowances S 642,500Step by Step Solution
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