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E6-12 Reporting Net Sales after Sales Discounts and Sales Returns [LO 6-4] The following transactions were selected from among those completed by Bear's Retail Store:
E6-12 Reporting Net Sales after Sales Discounts and Sales Returns [LO 6-4] The following transactions were selected from among those completed by Bear's Retail Store: Nov. 20 Sold two items of merchandise to Cheryl Jahn, who paid the $430 (total) sales price in cash. The goods cost Bear's $320 25 Sold 20 items of merchandise to Vasko Athletics at a selling price of $4,200 (total); terms 3/10, n/30. The goods cost Bear's $2,600 28 Sold 10 identical items of merchandise to Nancy's Gym at a selling price of $6,200 (total); terms 3/10, n/30. The goods cost Bear's $4,100. 29 Nancy's Gym returned one of the items purchased on the 28th. The item was in perfect condition and credit was given to the CUStomer. Dec. 6 Nancy's Gym paid the account balance in full. 0 Vasko Athletics paid in full for the invoice of November 25. Required Compute the net sales revenue to be reported over the two months. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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