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The following amounts appeared on the Mendelstein Company's adjusted trial balance as of October 31, 2023, the end of its fiscal year. Merchandise inventory Other
The following amounts appeared on the Mendelstein Company's adjusted trial balance as of October 31, 2023, the end of its fiscal year. Merchandise inventory Other assets Liabilities Joe Mendelstein, capital Joe Mendelstein, withdrawals Interest income Sales Sales returns and allowances Sales discounts Purchases Purchase returns and allowances Purchase discounts Transportation-in Sales salaries expense Rent expense, selling space Store supplies expense Advertising expense Office salaries expense Rent expense, office space Office supplies expense Totals Debit $ 1,750 47,000 Net sales 3,700 8,200 1,195 44,200 Credit $ 43,340 37,690 185 103,400 2,500 970 5,400 18,500 9,900 3,900 9,700 22,700 8,300 3,640 $188,085 $188,085 A physical count shows that the cost of the ending inventory is $13,300. Required: 1. Calculate the company's net sales for the year. k
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