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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:

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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: Nov. 20 Sold two items of merchandise to Cheryl Jahn, who paid the $400 sales price in cash. The goods cost Bear's $300. 25 Sold 20 items of merchandise to Vasko Athletics at a selling price of $4,000 (total): terms 3/10, n/30. The 28 Sold 10 identical items of merchandise to Nancy's Gym at a selling price of $6,000 (total): terms 3/10, n/30 29 Nancy's Gym returned one of the items purchased on the 28th. The item was in perfect condition and credit was 30 Vasko Athletics paid in full for the invoice of November 25. goods cost Bear's $2,500 The goods cost Bear's $4,000. given to the custoner. Dec. 6 Nancy's Gym paid the account balance in full. Required: Compute the total revenue to be reported over the two months

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