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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 $360 (total) sales price in cash. The goods cost Bear's $270. 25 Sold 20 items of merchandise to Vasko Athletics at a selling price of $3,600 (total); terms 3/10, n/30. The goods cost Bear's $2,300. 28 Sold 10 identical items of merchandise to Nancy's Gym at a selling price of $5, 600 (total); terms 3/10, n/30. The goods cost Bear's $3,800. 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. 30 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.) Net Sales Revenue
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