During the months of January and February, Solitare Corporation sold goods to three customers. The sequence of events was as follows:

Jan.

6 Sold goods for $100 to Wizard Inc. with terms 2/10, n/30; goods cost Solitare $70

6 Sold goods to SpyderCorp. for $80 with terms 2/10, n/30; goods cost Solitare $60

14 Collected cash due from Wizard Inc.

Feb. 2 Collected cash due from SpyderCorp

28 Sold goods for $50 to Bridges with terms 2/10, n/45; goods cost Solitare $30

Required:

Assuming that Sales Discounts are reported as contra-revenue, compute Net Sales for the two months ended February 28

During the months of January and February, Solitare Corporation sold goods to three customers. The sequence of events was as follows: Jan. 6 sold goods for $100 to wizard Inc. with terms 2/10,n/30; goods cost solltare $70 6 sold goods to Spydercorp. for $80 with terms 2/10,n/3; goods cost solitare $6 14 collected cash due fron wizard Inc. Feb. 2 collected cash due fron Spydercorp 28 Sold goods for $50 to Bridges with terns 2/10,n/45; goods cost Solitare $30 Required: Assuming that Sales Discounts are reported as contra-revenue, compute Net Sales for the two months ended February 28