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2. Compute net sales. The following transactions were selected from among those completed by Cadence Retailers in 2021: June. 20th, Sold 10 identical items of

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2. Compute net sales. The following transactions were selected from among those completed by Cadence Retailers in 2021: June. 20th, Sold 10 identical items of merchandise to Customer B at an invoice price of $9,000 (total); terms 3/10, n/30. 21th, Customer B returned one of the items purchased on the 20th; the item was defective, and credit was given to the customer. 25th, Sold two items of merchandise to Customer C, who charged the $400 sales price on her Visa credit card. Visa charges Cadence Retailers a 2 percent credit card fee. 28th, Sold 20 items of merchandise to Customer D at an invoice price of $5,500 (total); terms 3/10, n/30 July. 6th, Customer B paid the account balance in full. 20th, Customer D paid in full for the invoice of July 28, 2021, Required: Compute sales revenue, credit card discounts, sales discounts, sales return and allowances, and net sales respectively for the two months ended July 31

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