A trial balance contains the following: $ Opening inventory 1,000 Closing inventory 2,000 Purchases 10,000 Purchases returned 200 Carriage inwards 1,500 Prompt payment discounts received 800 What is the cost of sales figure? A $8,800 B $9,500 C $10,300 D $12,300

A trial balance contains the following: $ Opening inventory 1,000 Closing inventory 2,000 Purchases 10,000 Purchases returned 200 Carriage inwards 1,500 Prompt payment discounts received 800 What is the cost of sales figure? A $8,800 B $9,500 C $10,300 D $12,300

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Description: A trial balance contains the following:$Opening inventory 1,000Closing inventory 2,000Purchases 10,000Purchases returned 200Carriage inwards 1,500Prompt payment discounts received 800What is the cost of sales figure?A $8,800B $9,500C $10,300D $12,300

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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6.
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