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White Enterprises Sold $100,000 of Sales in January,but Customers Returned

Question 37

Multiple Choice

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

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