Question:A company recorded two sales of $20.000 and $30,000 on March 1, 2007 under the credit terms of 3/10, n/30. Payment for the $20,000 sale was received on March 10, 2007. Payment for the $30,000 sale was received on March 25, 2007.
Under the gross method and the net method, which of the following amounts should appear as net sales in the March income statements?
Gross method Net method 

A $48,500 $48,500 
B $48,500 $49,400 
C $49,400 $48,500 
D $49,400 $49,400 

+ Answer
C 

+ Report

Md. Habib Ullah

Editor, VCampus

Your Name

Your Email

Type of Report
Spelling MistakeIncorrect AnswerGrammar MistakeContent MissingImproper Text FormatInsufficient AnswerDuplicate QuestionImproper Sentence StructureImproper Equation/FormulaOther

Description