8. In the month of August, Waldon Company had sales of $52,000 and sales returns and allowances of $4,200. Net sales for August equals:

Multiple Choice

• $56,200.

• $47,800.

• $4,200.

• $52,000.

9. Quinn Industries sold goods with a list price of $880. If the trade discount is 40 percent, the amount to be recorded in the Sales account is:

Multiple Choice

• $352.00.

• $880.00.

• $920.00.

• $528.00.