NuCo uses the periodic method and has the following account balances Purchase Returns, $17,000; Beginning Inventory, $4,000; Purchases, $193,000; Freight-In, $11,000; and Accounts Payable, $23,000. What are NuCo\'s net purchases? a. $187,000 b. $191,000 c. $183,000 d. $210,000 Solution Calculatiob of Net Purchases. Purchase A\\c Note :Credit Purchases = 191000 - 23000 (A\\c Payable) = 168000 Total Net Purchases = 191000 .

1. NuCo uses the periodic method and has the following account balances Purchase Returns,
$17,000; Beginning Inventory, $4,000; Purchases, $193,000; Freight-In, $11,000; and Accounts
Payable, $23,000. What are NuCo's net purchases? a. $187,000 b. $191,000 c. $183,000 d.
$210,000
Solution
Calculatiob of Net Purchases.
Purchase Ac
Note :Credit Purchases = 191000 - 23000 (Ac Payable) = 168000
Total Net Purchases = 191000
Particulars Amount dr. Particulars Amount Cr.
To Opening Inventory 4000 By Purchase Return 17000
To Purchases 193000 By Net Purchases (Bal. Fig.) 191000
To Freight Inwards 11000
Total 208000 Total 208000