I have the solution.. I just do not know how they came up with
some of the answers. e.g. sales return and allowande. Exercise
5-11
Calculating income statement components L01,5
Referring to Exhibit 5.15 calculate the missing amounts (round
to two decimal places).
Company A Company B
2020 2019 2020 2019
Sales $263,000.00 $187,000.00 ? 114200.00
$48,500.00
Sales Discount $2,630.00 ? 1350.00 $1,200.00 $570.00
Sales Return and Allowance ? 51570 $16,700.00 $6,200.00 ?
2430.00
Net Sales ? 208800.00 $168,950.00...