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E 6 - 1 0 ( Static ) Reporting Net Sales after Sales Discounts [ LO 6 - 4 ] During the months of January
EStatic Reporting Net Sales after Sales Discounts LO
During the months of January and February, Solitare Corporation sold goods to two customers. The sequence of events was as follows:
January Sold goods for $ to Wizard Incorporated with terms The goods cost Solitare $
January Sold goods to Spyder Corporation for $ with terms n The goods cost Solitare $
January Collected cash for the amount due from Wizard Incorporated.
February Collected cash for the amount due from Spyder Corporation.
Required:
Compute the Net Sales Solitare would report over the two months.
Net Sales
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