Based on the account balances shown below, calculate "Net Sales"

Accounting Nov 29, 2020

Based on the account balances shown below, calculate "Net Sales". Account Name Accounts Receivable Deferred Revenue Sales Revenue Sales Discounts Sales Returns Normal Account Balance $114,562 $23,000 $15,000 $2,285 $1,000 Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc.. just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24.123, you would only input: 24123

Expert Solution

Net Sales=Gross sales-Sales Returns-Sales discounts

=15000-1000-2285

=11715 (Answer)

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