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1.) What is the Net Sales amount? Jan. 6 Sold goods for $1,500 to S. Green and billed that amount subject to terms 2/10, n/30.

1.) What is the Net Sales amount?

Jan.

6

Sold goods for $1,500 to S. Green and billed that amount subject to terms 2/10, n/30.

6

Sold goods to M. Munoz for $850 and billed that amount subject to terms 2/10, n/30.

14

Collected cash due from S. Green.

Feb.

2

Collected cash due from M. Munoz.

28

Sold goods for $400 to R. Reynolds and billed that amount subject to terms 2/10, n/45.

Required:

Assuming that Sales Discounts is treated as a contra-revenue, compute net sales for the two months ended February 28.

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