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During the months of January and February, Hancock Corporation sold goods to three customers. The sequence of events was as follows: January 6 Sold goods
During the months of January and February, Hancock Corporation sold goods to three customers. The sequence of events was as follows:
January Sold goods for $ to S Green and billed that amount subject to terms n
January Sold goods to M Munoz for $ and billed that amount subject to terms n
January Collected cash due from S Green.
February Collected cash due from M Munoz.
February Sold goods for $ to R Reynolds and billed that amount subject to terms n
Required:
Assuming that Sales Discounts is treated as a contrarevenue, compute net sales for the two months ended February
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