Jackie's Online Service on April 30 has the following account balances: 
If net purchases for the period are $11,000, what is the amount in the Purchases Discounts account?
A) $3,000
B) $4,000
C) 2,000
D) $1,000
Correct Answer:
Verified
Q12: Purchase Discounts are taken on:
A)shipping expense.
B)Purchases Returns
Q13: Purchases is a(n):
A)cost.
B)asset.
C)liability.
D)revenue.
Q22: The freight paid on goods purchased F.O.B.Shipping
Q24: Before paying an invoice, the accounting department
Q24: The entry to record a purchase of
Q28: Which of the following transactions will cause
Q31: Purchases discounts:
A)decrease net income.
B)increase net income.
C)have no
Q35: The return of merchandise was recorded as
Q40: On November 30,Janoch's Dog Kennel purchased $600
Q56: A form used in business to place
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