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?

  • A N8,500
  • B N6,625
  • C N6,500
  • D N6,000

The correct answer is C. N6,500

No explanation given
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