White Enterprises sold $100,000 of sales in January,but customers returned $10,000 of goods to White Enterprises during the month.In addition,White Enterprises gave cash discounts of $1,000 to its customers.The beginning balance of the allowance for uncollectible accounts was $2,000 and the company uses the aging of accounts receivable to account for uncollectible accounts.What is the net sales figure for the month of January for White Enterprises?
A) $89,000
B) $90,000
C) $92,000
D) $91,000
E) $100,000
Correct Answer:
Verified
Q32: Casper Company sold inventory of $5,000
Q33: Neslund Ornamentals offered a 2% trade
Q34: For a newspaper subscription,subscription revenue is always
Q35: Assume the periodic inventory system is
Q36: Wayne Company just purchased merchandise costing $700,which
Q38: Trade discounts
A)apply one or more reductions to
Q39: Companies that offer cash discounts for prompt
Q40: Payne Industries can borrow money from the
Q41: Martin Optical has found that 2% of
Q42: There are no contra accounts on the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents