What is the amount of Aggie net sales

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Question - Aggie Corp. is a merchandising company that uses the periodic inventory system. Selected account balances are listed below:

Sales Revenue $150,000

Purchases 90,000

Inventory (beginning) 20,000

Inventory (ending) 14,000

Purchase Returns & Allowances 5,000

Purchase Discounts 7,000

Freight-In 4,000

Sales Discounts 8,000

Sales Returns & Allowances 5,000

Freight-Out 2,000

Required - What is the amount of Aggie's net sales?

A. 139,000

B. 145,000

C. 137,000

D. 135,000

E. 150,000

Reference no: EM132654242

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