Please Refer to the Following Trial Balance - How Much Are Net Sales Revenues?
A) $155,000
B)

question 88

Multiple Choice

Please refer to the following trial balance. $$\begin{array} { | l | r | r | } \hline &{ \text { Debit } } & { \text { Credit } } \\\hline \text { Cash } & \$ 5,000 & \\\hline \text { Accounts receivable } & 14,000 & \\\hline \text { Inventory } & 20,000 & \\\hline \text { Supplies } & 5,000 & \\\hline \text { Land } & 100,000 & \\\hline \text { Accounts payable } & & \$ 3,000 \\\hline \text { Notes payable } & & 25,000 \\\hline \text { Capital } & &90,000 \\\hline \text { Drawing } & 1,000 & \\\hline \text { Sales revenues } & & 160,000 \\\hline \text { Sales returns and allowances } &2,000 & \\\hline \text { Sales discounts } & 3,000 & \\\hline \text { Cost of goods sold } &80,000 & \\\hline \text { Salary expense } &5,000 & \\\hline \text { Utility expense } &23,000 & \\\hline \text { Rent expense } & 18,000& \\\hline \text { Interest expense } &2,000 \\\hline \text { Totals } &\$ 278,000 & \$ 278,000 \\\hline\end{array}$$
- How much are Net sales revenues?

• A) $155,000
• B) $160,000
• C) $27,000
• D) $75,000

---

Definitions:

Corporate Social Responsibility

A business model where companies integrate social and environmental concerns in their operations and interaction with stakeholders.

Proactive

Taking initiative and action to anticipate and prevent potential problems or to capitalize on opportunities ahead of time.

Reactive

Responding to events or situations rather than initiating or preventing them.

Ethical Conduct

Ethical conduct involves behavior that adheres to accepted standards of integrity, honesty, and fairness in professional and personal actions.