The amount used by wholesalers to record sales in its sales journal is
A) the retail price.
B) the list price.
C) the net price.
D) the original price.

Question

Quizplus · Accepted Answer

Wholesalers typically record sales in their sales journal at the net price, which is the price after any applicable discounts or allowances have been subtracted. This allows wholesalers to accurately track their revenue and cost of goods sold.

The Amount Used by Wholesalers to Record Sales in Its