Use the following information to answer the giv... - WAEC Accounting 1999 Question
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?
\(\begin{array}{c|c} & N \ \text{Debtors (1/1/98)} & 2,000 \ \text{Debtors (31/12/98)} & 1,250 \ \text{Cash received from debtors} & 6,000 \ \text{Bad debt written off} & 750 \\ \text{Discount allowed} & 500 \ \text{Discount received} & 125\end{array}\)
What was the amount of sales for the year?
A
N8,500
B
N6,625
C
N6,500
D
N6,000
correct option: c
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