Porter had the following information taken from various accounts for 2013: Sales

Question

Porter had the following information taken from various accounts for 2013:
              Sales discounts                             $25,000
              Unearned revenues                       $20,000
              Total sales                                    $325,000
              Purchase discounts                        $15,000
              Sales allowances                            $35,000
              Accounts receivable                       $200,000
What was Porter's net sales in 2013?

a.$265,000
b.$250,000
c.$125,000
d.$290,000
e.$325,000

Explanation / Answer

e.$325,000

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