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E 6 - 3 ( Algo ) Reporting Net Sales with Credit Sales, Sales Discounts, Sales Returns, and Credit Card Sales LO 6 - 1

E6-3(Algo) Reporting Net Sales with Credit Sales, Sales Discounts, Sales Returns, and Credit Card Sales LO6-1
The following transactions were selected from among those completed by Bennett Retallers in November and December:
November 20
November 25
November 28
November 29
December 6
December 20
Sold 20 items of merchandise to Customer B at an invoice price of $5,600(total); terms 310,n30.
Sold two items of merchandise to Customer C, who charged the $500(total) sales price on her visa credit card. Visa charges Bennett Retailers a 1 percent credit card fee.
Sold 10 identical items of merchandise to Customer D at an invoice price of $9,600(total); terms 310,n30.
Customer D returned one of the items purchased on the 28th; the itell was defective and credit was given to the customer.
Customer D paid the account balance in full.
Customer B paid in full for the invoice of November 20.
Required:
Assume that Sales Returns and Allowances, Sales Discounts, and Credit Card Discounts are treated as contra-revenues; compute net sales for the two months ended December 31.
Note: Do not round your intermediate calculations. Round your answer to the nearest whole dollar amount.
Net sales
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