What entry would you make on an income statement for NET SALES ...

[lak]

What entry would you make on an income statement for NET SALES for the year ended December 31, 2011? Gross Sales, 200,000; Sales Returns and Allowances, 5,800; Sales Discounts, 5,700; Merchandise Inventory, January 1, 2011, 67,100; Merchandise Inventory, December 31, 2011, 51,900; Net Purchases, 89,200; Freight In, 700; Salaries, 81,800; Rent, 18,600; Utilities, 1,125; Insurance, 2,175; and Income Tax, 14,900.
 A) 105,100
  B) 118,600
  C) 157,000
  D) 188,500

Question 2

Convert the percent to a decimal: 192

[jlaineee]

Answer to Question 1

D

Answer to Question 2

1.92

[lak]

TYSM

[miss.ashley]

Excellent