ACC 290 Week 3 (ACC 290)

University of PhoenixUniversity of Phoenix - ACC 290 Week 3 Preparing a Multiple Step Income Statement Write-Up(Study Guide) Arleady Graded_A. ACC 290 Week 3: The net sales of Simon Company entered by the inexperienced accountant is $850,000. However, that is inaccurate as in order to calculate the net sales, you deduct the Less: Sales returns and allowances of $28,000 and also the Sales Discounts of $18,000 from the sales of $911,000. That calculation actually gives you a net sales of $865,000...