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During the months of January and February, a company sold goods to three customers. The sequence of events was as follows: Jan. Feb. 6
During the months of January and February, a company sold goods to three customers. The sequence of events was as follows: Jan. Feb. 6 Sold goods for $1,500 to M.Carolan and billed that amount subject to terms 2/10, n/30. 6 Sold goods to J.Speiran for $620 and billed that amount subject to terms 2/10, n/30. 14 Collected cash due from M. Carolan. 2 Collected cash due from J.Speiran. 28 Sold goods for $370 to H.Scanlon 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. Net sales
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