Marshall Company reported the following year-end amounts:
What is the company's Sales Returns for the year?
A) $1,620
B) $2,228
C) $5,738
D) $8,146

Name: Marshall Company reported the following year-end amounts: What is the company's Sales Returns for the year? A) $1,620 B) $2,228 C) $5,738 D) $8,146
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Question

Marshall Company reported the following year-end amounts:
 What is the company's Sales Returns for the year?
A) $1,620 
B) $2,228 
C) $5,738 
D) $8,146

Quizplus · Accepted Answer

Total sales - Sales returns - Sales discounts - Cost of goods sold = Gross profit
$25,200 - X - $450 - $15,750 = $3,262
X = $25,200 - $450 - $15,750 - $3,262
X = $5,738

Marshall Company Reported the Following Year-End Amounts