Refer to the Following Trial Balance How Much Is the Net Sales Revenue?
A)$463,000
B)$479,000
C)$145,000

question 174

Multiple Choice

Refer to the following trial balance. $\begin{array}{|l|r|l|}\hline & { \text { Debit } } &{ \text { Credit } } \\\hline \text { Cash } & \$ 16,000 \\\hline \text { Accounts Receivable } & 42,000 \\\hline \text { Merchandise Inventory } & 62,000 \\\hline \text { Supplies } & 15,000 \\\hline \text { Land } & 330,000 & \\\hline \text { Accounts Payable } & & \$ 2,000 \\\hline \text { Notes Payable } & & 25,000 \\\hline \text { Common Stock } & & 296,000 \\\hline \text { Retained Earnings } & 6,000 & 24,000 \\\hline \text { Dividends } & & 480,000 \\\hline \text { Sales Revenue } & 9,000 &\\\hline \text { Sales Discounts } & 8,000 & \\\hline \text { Cost of Goods Sold } & 200,000 & \\\hline \text { Salaries Expense } & 17,000 & \\\hline \text { Utilities Expense } & 65,000 & \\\hline \text { Rent Expense } & 53,000 & \\\hline \text { Interest Expense } & 4,000 & \\\hline \text { Totals } & \$ 827,000 & \$ 827,00 \\\hline\end{array}$ How much is the net sales revenue?

• A)$463,000
• B)$479,000
• C)$145,000
• D)$141,000