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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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7 years ago
Refer to the following trial balance.

   Debit   Credit
Cash   $16,000   
Accounts Receivable   42,000   
Merchandise Inventory   62,000   
Supplies   15,000   
Land   330,000   
Accounts Payable      $2,000
Notes Payable      25,000
Common Stock      296,000
Retained Earnings      24,000
Dividends   6,000   
Sales Revenue      480,000
Sales Returns and Allowances   9,000   
Sales Discounts   8,000   
Cost of Goods Sold   200,000   
Salaries Expense   17,000   
Utilities Expense   65,000   
Rent Expense   53,000   
Interest Expense   4,000   ________
Totals   $827,000   $827,000

How much is the net sales revenue?
A) $141,000
B) $479,000
C) $145,000
D) $463,000
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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Mrgo-breedMrgo-breed
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H3Ko Author
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7 years ago
I just realized you had posted this! Thanks so much
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#3
7 years ago
Happy to help Smiling Face with Open Mouth
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