Use the information below for Adams Company to answer the questions that follow.

Adams Company is a manufacturing company that has worked on several production jobs during the first quarter of the year. Below is a list of all the jobs for the quarter:

Jobs 356, 357, 358, and 359 were completed. Jobs 356 and 357 were sold at a profit of $500 on each job.
-What is the balance of Sales for Adams Company at the end of the first quarter?
A) $1,685
B) $2,685
C) $1,000
D) $685

Question

Use the information below for Adams Company to answer the questions that follow.
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Adams Company is a manufacturing company that has worked on several production jobs during the first quarter of the year. Below is a list of all the jobs for the quarter:
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  Jobs 356, 357, 358, and 359 were completed. Jobs 356 and 357 were sold at a profit of $500 on each job.
-What is the balance of Sales for Adams Company at the end of the first quarter?
A) $1,685 
B) $2,685 
C) $1,000 
D) $685

Quizplus · Accepted Answer

The total profit from jobs 356 and 357 is $1000 ($500 + $500). Therefore, the balance of sales would be $2685 ($1000 + $1000 + $685).

Use the Information Below for Adams Company to Answer the Questions