Use the following information to answer the given question
N Debtors (1/1/98)2,000 Debtors (31/12/98)1,250 Cash received from debtors6,000 Bad debt written off750Discount allowed500 Discount received125
What was the amount of sales for the year?
A N8,500
B N6,625
C N6,500
D N6,000
Answer is C
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