Question

Weston Jewelers uses the perpetual inventory system. On April 2, Weston sold merchandise with a cost of $1,257 for $2,200 to a customer on account with the terms 3/15, n/30 coustomer reported damaged goods. Weston paid $25 for delivery of the merchandise. Calculate the amount of net sales revenue.

Answer 1

Answer:

$2,134

Explanation:

Calculation of the amount of the Net sales revenue

First step

Since we were been told that Weston sold the merchandise with a cost of $1,257 for $2,200 with the terms of 3/15 this means we are going to find the 3% of $2,200 calculated as:

3%*$2,200=$66

Second step is to deduct the $66 from the cost of $2,200,in order to find the Net Sales Revenue of Weston Jewelers

Net Sales Revenue =$2,200-$66

Net Sales Revenue=$2,134

Therefore the Net Sales Revenue of Weston Jewelers will be $2,134