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Home Q & A Board Other Fields Homework Help Business Accounting
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upton upton
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7 years ago
Jack's Online Service on April 30 has the following account balances:

Sales   $25,000
Sales Returns and Allowances   5,000
Purchases   20,000
Freight-In   1,000
Purchases Returns and Allow.   2,000
Purchases Discounts   Neutral Face

If net purchases for the period are $15,000, what is the amount in the Purchases Discounts account?
A) $3,000
B) $2,000
C) $4,000
D) $1,000
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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LaffioLaffio
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7 years ago
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upton Author
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7 years ago
Thanks for your help!!
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This helped my grade so much Perfect
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Just got PERFECT on my quiz
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