What is the total sales for the period?

Use the information below to answer the question that follows
(begin{array}{c|c}
Creditors & 3,000 & 4,000 \
hline
Debtors & ___ & 6,000 \
hline
text{Cash received from debtors} & ___ & 35,000 \
hline
text{cash paid to suppliers} & ____ & 25,000 \
hline
text{Discount allowed} & _____ & 4,000 \
hline
text{Discount received} & _____ & 4,200 \
end{array})

What is the total sales for the period?

  • A.
    N37,000
  • B.
    N36,000
  • C.
    N35,000
  • D.
    N40,500
Correct Answer: Option C
Explanation
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