On November 1, 2015, Wrenns Martch Sold Merchandise with a Cost

question 37

Multiple Choice

On November 1, 2015, Wrenns Martch sold merchandise with a cost of $5,000 for $10,000, FOB destination, with payment terms of 3/10, n/40. Wrenns paid transportation costs of $100. Of these, merchandise sold for $3,000(with a cost of $1,500) was returned on November 6. The company received the payment for the balance amount on November 10, 2015. Calculate the Net sales revenue.

• A)$6,790
• B)$7,000
• C)$4790
• D)$7790

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