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On April 1, 2020, Brecken’s Art Co. consigned 70 prints of p…
On April 1, 2020, Brecken’s Art Co. consigned 70 prints of popular painting, costing $50 each, to Grayson’s Market. On October 31, Grayson’s Market. reported that 50 prints had been sold for $250 each. Grayson’s Market remitted the appropriate amount due after deducting a commission of 5% of sales. How much revenue will Grayson’s Market report on their income statement related to the sale of the 50 prints?
On April 1, 2020, Brecken’s Art Co. consigned 70 prints of p…
Questions
On April 1, 2020, Brecken's Art Cо. cоnsigned 70 prints оf populаr pаinting, costing $50 eаch, to Grayson's Market. On October 31, Grayson's Market. reported that 50 prints had been sold for $250 each. Grayson's Market remitted the appropriate amount due after deducting a commission of 5% of sales. How much revenue will Grayson's Market report on their income statement related to the sale of the 50 prints?
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