Prentice Company had cash sales of $94,275, credit sales of $83,450, sales returns and allowances of $1,700, and sales discounts of $3,475. Prentice's net sales for this period equal:

A. $94,275.
B. $176,025.
C. $177,725.
D. $174,250.
E. $172,550.


Answer: E

Business

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The Unadjusted Trial Balance columns of a work sheet total $86,300. The Adjustments columns contain entries for the following:1. Office supplies used during the period, $1900. 2. Expiration of prepaid rent, $900. 3. Accrued salaries expense, $700. 4.Depreciation expense, $1000. 5. Accrued service fees receivable, $600. The Adjusted Trial Balance columns total is:

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