E6-2 (Algo) Reporting Net Sales with Credit Sales, Sales Discounts, and Credit Card Sales LO6-1

The following transactions were selected from the records of OceanView Company:

July 12	Sold merchandise to Customer R, who charged the $4,100 purchase on his Visa credit card. Visa charges OceanView a 2 percent credit card fee.
July 15	Sold merchandise to Customer S at an invoice price of $9,600; terms 3/10, n/30.
July 20	Sold merchandise to Customer T at an invoice price of $5,700; terms 3/10, n/30.
July 23	Collected payment from Customer S from July 15 sale.
August 25	Collected payment from Customer T from July 20 sale.

Required:

Assuming that Sales Discounts and Credit Card Discounts are treated as contra-revenues, compute net sales for the two months ended August 31.