22. Bob's Barbies buys $5,000 worth of Barbie dolls from Mattel, receives a purchase return...
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22. Bob's Barbies buys $5,000 worth of Barbie dolls from Mattel, receives a purchase return and allowance of $250 and Bob pays within the discount period. Purchase discount is $70. How much did Bob pay for the Barbies. (no sales tax) A. $4680 B. $4750 C $5000 D. $4930 23. The account in the general ledger that summarizes or controls a subsidiary ledger. A. Subsidiary Account B. General Ledger C. Controlling Account D. Journal Entry 24. What is Gross Sales, less sales returns and allowances, less sales discounts? A. Purchases B. Gross Sales C Net Sales D. Sales Discount 25. Using the following information, what is the sales tax? Use 10% for sales tax 54 Gross Sales Sales Returns and Allowances Sales Discounts $ $ $ 10 3 A. $5.40 B. $4.40 C. $4.41 D. $4.10
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