\(\begin{array}{c|c} & N \\ \text{Debtors (1/1/98)} &...
Use the following information to answer the given question
\(\begin{array}{c|c} & N \\ \text{Debtors (1/1/98)} & 2,000 \\ \text{Debtors (31/12/98)} & 1,250 \\ \text{Cash received from debtors} & 6,000 \\ \text{Bad debt written off} & 750 \\\ \text{Discount allowed} & 500 \\ \text{Discount received} & 125\end{array}\)
What was the amount of sales for the year?
N8,500
N6,625
N6,500
N6,000
Correct answer is C
No explanation has been provided for this answer.
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