Barnie's Cafe Started with $4,000 in Inventory and Had the Following

Multiple Choice

Barnie's Cafe started with $4,000 in Inventory and had the following transaction totals for the month:
Sales $10,000
Sales Returns and Allowances 1,000
Cost of Goods Sold $4,000
Accounts Payable 5,500
Purchases 7,000
Purchases Returns and Allowances 1,000
Purchases Discounts 700
Net purchases for the period are

A) $4,300.
B) $6,300.
C) $5,300.
D) $5,800.