Question
-Using the following information, what is the amount of merchandise avaible for sale? Purchases $32,000 Purchases discounts $960 Merchandise inventory September 1 5,700 Merchandise inventory
-Using the following information, what is the amount of merchandise avaible for sale?
Purchases $32,000
Purchases discounts $960
Merchandise inventory September 1 5,700
Merchandise inventory September 30 6,370
Sales returns and allowances 910
Sales 63,000
Purchases returns and allowances 1,200
Freight In 1,040
A. 36,580
B. 35,540
C. 34,500
D. 37,700
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Financial Accounting Theory
Authors: William R. Scott
3rd Edition
0130655775, 9780130655776
