- 2 Reporting Net Sales with Credit Sales, Sales Discounts, and Credit Card Sales The following transactions were selected from the records of Ocean View Company: July 12 Sold merchandise to Customer R, who charged the $3,000 purchase on his Visa credit card. Visa charges Oceanview a 2 percent credit card fee. 15 Sold merchandise to Customers at an invoice price of $9.000; terms 3/10,n/30. 20 Sold merchandise to Customer T at an invoice price of $4,000; terms 3/10, n/30. 23 Collected payment from Customer S from July 15 sale. 25 Collected payment from Customer T from July 20 sale. Aug. Required: suming that Sales Discounts and Credit Card Discounts are treated as contra-revenues, compute net sales for the two months ended August 31