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Home Q & A Board Other Fields Homework Help Business Accounting
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majestico majestico
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Posts: 1455
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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   Neutral Face
Freight-In   1,000
Purchases Returns and Allow.   2,000
Purchases Discounts   1,500

If net purchases for the period are $15,000, what is the amount of gross purchases?
A) $17,500
B) $15,500
C) $18,500
D) $16,500
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
Read 194 times
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keytwokeytwo
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7 years ago
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majestico Author
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7 years ago
Thanks for your help!!
bkrandy
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Yesterday
Thanks
mambah4
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2 hours ago
You make an excellent tutor!
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