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Selected Account Balances from The Adjusted Trial Balance of Harris Company as of December 31, 2019 follows: Beginning Merchandise Inventory 22,000, Office Supplies 4t Sales 90,000, Sales Discounts 12,000, Freight In 1,800, Advertising Expense 3,000, Freic Out 4,300, Purchases 35,000, Purchases Discounts 2,000, Office Supplies Expense 1,100 The Periodic Inventory Method is used. (Note: Ending Merchandise Inventory is $20,000 Determine the amount of Net Sales: O. 90,000 85,700

Selected Account Balances from The Adjusted Trial Balance of Harris Company as of December 31, 2019 follows: Beginning Merchandise Inventory 22,000, Office Supplies 4t Sales 90,000, Sales Discounts 12,000, Freight In 1,800, Advertising Expense 3,000, Freic Out 4,300, Purchases 35,000, Purchases Discounts 2,000, Office Supplies Expense 1,100 The Periodic Inventory Method is used. (Note: Ending Merchandise Inventory is $20,000 Determine the amount of Net Sales: O. 90,000 85,700

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Selected Account Balances from The Adjusted Trial Balance of Harris Company as of December 31, 2019 follows: Beginning Merchandise Inventory 22,000, Office Supplies 400, Sales 90,000, Sales Discounts 12,000, Freight In 1,800, Advertising Expense 3,000, Freight Out 4,300, Purchases 35,000, Purchases Discounts 2,000, Office Supplies Expense 1,100. The Periodic Inventory Method is used. (Note: Ending Merchandise Inventory is $20,000). Determine the amount of Net Sales: O 90,000 O 85,700 o 78.000 O None of the above. O 33,000
Transcribed Image Text:Selected Account Balances from The Adjusted Trial Balance of Harris Company as of December 31, 2019 follows: Beginning Merchandise Inventory 22,000, Office Supplies 400, Sales 90,000, Sales Discounts 12,000, Freight In 1,800, Advertising Expense 3,000, Freight Out 4,300, Purchases 35,000, Purchases Discounts 2,000, Office Supplies Expense 1,100. The Periodic Inventory Method is used. (Note: Ending Merchandise Inventory is $20,000). Determine the amount of Net Sales: O 90,000 O 85,700 o 78.000 O None of the above. O 33,000
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