Rhodes Company provides this information for the month of November, 2014: sales on credit $140,000; cash sales $60,000; sales discounts $2,000; and sales returns and allowances $8,000. Prepare the sales revenues section of the income statement based on this information.

Question

Quizplus · Accepted Answer

The Answer of Rhodes Company provides this information for the month of November, 2014: sales on credit $140,000; cash sales $60,000; sales discounts $2,000; and sales returns and allowances $8,000. Prepare the sales revenues section of the income statement based on this information.

Rhodes Company Provides This Information for the Month of November