At 1 March 2003 Allen's debtors amounted to $12 100. In the year ended 28 February 2004
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At 1 March 2003 Allen's debtors amounted to $12 100. In the year ended 28 February 2004 he received $63 500 from debtors and allowed them cash discounts of $3426. At 28 February 2004 his debtors totalled $14 625.
How much were Allen's sales for the year ended 28 February 2004?
A. $62 599
B. $64 401
C. $66 025
D. $69 451
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