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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
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 $280 to Wizard Inc. with terms 2/10, n/30. The goods cost Solitare $79. |
7 | Sold goods to SpyderCorp. for $107 with terms 2/10, n/30. The goods cost Solitare $69. |
14 | Collected cash due from Wizard Inc. |
Feb.3 | Collected cash due from SpyderCorp. |
28 | Sold goods for $77 to Bridges with terms 2/10, n/45. The goods cost Solitare $48. |
Required: |
Assuming that Sales Discounts are reported as contra-revenue, compute Net Sales for the two months ended February 28. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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