question archive A company uses the periodic method and has the following account balances
Subject:BusinessPrice:2.88 Bought3
A company uses the periodic method and has the following account balances.
Purchase returns = $17,000
Beginning inventory = $4,000
Purchases = $193,000
Freight-In = $11,000
Accounts payable = $23,000
What is the company's net purchases?
a. $183,000
b. $187,000
c. $191,000
d. $210,000
Purchased 3 times