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During the months of January and February, Solitare Corporation sold goods to two customers. The sequence of events was as follows: January 6 Sold goods
During the months of January and February, Solitare Corporation sold goods to two customers. The sequence of events was as follows: January 6 Sold goods for $100 to Wizard Incorporated with terms 2/30,n/60. The goods cost Solitare $70. January 6 Sold goods to Spyder Corporation for $80 with terms 5/10,n/60. The goods cost Solitare $60. January 14 Collected cash for the amount due from Wizard Incorporated. February Collected cash for the amount due from Spyder Corporation. 28 January 6 Sold goods for $100 to Wizard Incorporated with terms 2/30,n/60. The goods cost Solitare $70. January 6 Sold goods to Spyder Corporation for $80 with terms 5/10,n/60. The goods cost Solitare $60. January 14 Collected cash for the amount due from Wizard Incorporated. February Collected cash for the amount due from Spyder Corporation. 28 Required: Compute the Net Sales Solitare would report over the two months. During the months of January and February, Solitare Corporation sold goods to two customers. The sequence of events was as follows: January 6 Sold goods for $100 to Wizard Incorporated with terms 2/30,n/60. The goods cost Solitare $70. January 6 Sold goods to Spyder Corporation for $80 with terms 5/10,n/60. The goods cost Solitare $60. January 14 Collected cash for the amount due from Wizard Incorporated. February Collected cash for the amount due from Spyder Corporation. 28 January 6 Sold goods for $100 to Wizard Incorporated with terms 2/30,n/60. The goods cost Solitare $70. January 6 Sold goods to Spyder Corporation for $80 with terms 5/10,n/60. The goods cost Solitare $60. January 14 Collected cash for the amount due from Wizard Incorporated. February Collected cash for the amount due from Spyder Corporation. 28 Required: Compute the Net Sales Solitare would report over the two months
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