A company had the following partial list of account balances at year-end: $\begin{array}{lr}
\text { Sales Returns and Allowances } & \$ 1,000 \
\text { Accounts Receivable } & 38,000 \
\text { Sales Discounts } & 2,100 \
\text { Sales Revenue } & 95,000 \
\text { Allowance for Doubtful Accounts } & 1,200
\end{array}$ How much is net sales revenue?
A) $91,900.
B) $90,700.
C)$89,900.
D)$88,600.

Question

Quizplus · Accepted Answer

Net sales revenue is sales revenue minus sales returns and allowances and sales discounts. So, net sales revenue is $95,000 - $1,000 - $2,100 = $91,900.

A Company Had the Following Partial List of Account Balances