Complete the table by computing the missing amounts Sales Ne

Sales Net Cost of Gross Sales discounts sales goods sold profit 29,000 71,400 52,600 (f) 37,800 2,500 77,800 3,100 96,800 98,300 103,000 41,400 1,400 Print Done

Solution

Answer

Sales

Sales Discount

Net Sales

Cost of Goods Sold

Gross Profit

[A]

[B]

[C = A - B]

[D]

[E = C - D]

$      102,900.00

$                               2,500.00

$             100,400.00

$                     71,400.00

$                        29,000.00

$        77,800.00

$                               3,100.00

$               74,700.00

$                     52,600.00

$                        22,100.00

$      103,000.00

$                               6,200.00

$               96,800.00

$                     55,400.00

$                        41,400.00

$        99,700.00

$                               1,400.00

$               98,300.00

$                     37,800.00

$                        60,500.00

Sales

Sales Discount

Net Sales

Cost of Goods Sold

Gross Profit

[A]

[B]

[C = A - B]

[D]

[E = C - D]

=100400+2500

2500

=71400+29000

71400

29000

77800

3100

=77800-3100

52600

=74700-52600

103000

=103000-96800

96800

=96800-41400

41400

=98300+1400

1400

98300

37800

=98300-37800

Also, following equations are used to calculate above amounts:

Sales – Sales Discount = Net Sales
Net Sales – Cost of Goods Sold = Gross Profit

Sales	Sales Discount	Net Sales	Cost of Goods Sold	Gross Profit
[A]	[B]	[C = A - B]	[D]	[E = C - D]
$      102,900.00	$                               2,500.00	$             100,400.00	$                     71,400.00	$                        29,000.00
$        77,800.00	$                               3,100.00	$               74,700.00	$                     52,600.00	$                        22,100.00
$      103,000.00	$                               6,200.00	$               96,800.00	$                     55,400.00	$                        41,400.00
$        99,700.00	$                               1,400.00	$               98,300.00	$                     37,800.00	$                        60,500.00