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calulate the net income for the company Nov. 20 Sold two items of merchandise to Cheryl Jahn, who paid the $440 sales price in cash.

calulate the net income for the company

Nov. 20

Sold two items of merchandise to Cheryl Jahn, who paid the $440 sales price in cash. The goods cost Bears $330.

25

Sold 20 items of merchandise to Vasko Athletics at a selling price of $4,300 (total); terms 3/10, n/30. The goods cost Bears $2,650.

28

Sold 10 identical items of merchandise to Nancys Gym at a selling price of $6,300 (total); terms 3/10, n/30. The goods cost Bears $4,150.

29

Nancys Gym returned one of the items purchased on the 28th. The item was in perfect condition and credit was given to the customer.

Dec. 6 Nancys Gym paid the account balance in full.
30 Vasko Athletics paid in full for the invoice of November 25.

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