Harold's Five & Dime Harold's Five & Dime is a merchandising company that uses the periodic inventory system. Selected account balances are listed below. Sales $175,000 Gross purchases 90,000 Beginning inventory 23,000 Ending inventory 17,000 Purchase returns and allowances 3,000 Purchase discounts 7,000 Transportation-in 4,000 Sales discounts 8,000 Sales returns and allowances 5,000 Calculate
Harold's net purchases.
A) $ 84,000
B) $ 90,000
C) $103,000
D) $117,000
A
Business
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