Kellys Jewelry has the following transactions during the year: total jewelry sales = $700,000; sales discounts = $17,500; sales returns = $45,000; sales allowances = $25,000. 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 = $1,750; sales returns = $5,400; sales allowances = $3,330. Compute net sales.?

Kellys Jewelry has the follow ng transactions during the year total Jewelry sales = $700,000, sales discounts = $17.500. sales retu s $45,000, sales allowances-$25,000. 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 $1,750; sales returns $5.400; sales allowances 3,330. Compute net sales. 3 Answer is complete but not entirely correct. Total sales 5 700,000 17,500 6 Less: Sales discounts Less: Sales returms Less: Sales alowances Net sales 45,000 25,000 S 787,500