A portion of the statement of earnings for Sun Company is shown below. Provide the missing account titles and amounts. $$\begin{array} { | l | l | r | l | r | }
\hline \text { A. } &\underline{\quad\quad}& { \$ 190,000 } & & \
\hline & \text { Sales discounts } & \$ 20,000 & & \
\hline & \text { Net sales } & & \text { B. } & \underline{\quad\quad}\
\hline & \text { Cost of goods sold } & & & \$ 100,000 \
\hline \text { C. } &\underline{\quad\quad} & & \text { D. } &\underline{\quad\quad} \
\hline
\end{array}$$

Question

A portion of the statement of earnings for Sun Company is shown below. Provide the missing account titles and amounts. $$\begin{array} { | l | l | r | l | r | } 
\hline \text { A. } &\underline{\quad\quad}& { \$ 190,000 } & & \
\hline & \text { Sales discounts } & \$ 20,000 & & \
\hline & \text { Net sales } & & \text { B. } & \underline{\quad\quad}\
\hline & \text { Cost of goods sold } & & & \$ 100,000 \
\hline \text { C. } &\underline{\quad\quad} & & \text { D. } &\underline{\quad\quad} \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of A portion of the statement of earnings for Sun Company is shown below. Provide the missing account titles and amounts. $$\begin{array} { | l | l | r | l | r | } 
\hline \text { A. } &\underline{\quad\quad}& { \$ 190,000 } & & \
\hline & \text { Sales discounts } & \$ 20,000 & & \
\hline & \text { Net sales } & & \text { B. } & \underline{\quad\quad}\
\hline & \text { Cost of goods sold } & & & \$ 100,000 \
\hline \text { C. } &\underline{\quad\quad} & & \text { D. } &\underline{\quad\quad} \
\hline
\end{array}$$

A Portion of the Statement of Earnings for Sun Company