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.Weston paid $125 for delivery of the merchandise.Calculate the amount of net sales revenue.(Round any intermediary calculations and your final answer to the nearest dollar. )

Question

Quizplus · Accepted Answer

Net sales revenue is calculated as the sales price minus any discounts. The sales price is $2,200, and the discount for early payment (3% of $2,200) is $66. Therefore, the net sales revenue is $2,200 - $66 = $2,134. The delivery cost does not affect the sales revenue calculation.

Weston Jewelers Uses the Perpetual Inventory System