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

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Definitions:

Planning Budget

A budget prepared to anticipate the future financial position, operations, and resources of an entity based on expected income and expenses.

Facility Expenses

Costs related to the physical premises where business activities occur, including rent, utilities, and maintenance.

Direct Materials

Raw materials that are directly traced and integrated into a finished product and significantly contribute to its production cost.

Medical Supplies

Medical supplies encompass a wide range of products used in healthcare settings, including surgical instruments, diagnostic devices, and items used for patient care.