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how do you find the revenues? Required information [The following information applies to the questions displayed below.] Nicole's Getaway Spa (NGS) has been so successful
how do you find the revenues?
Required information [The following information applies to the questions displayed below.] Nicole's Getaway Spa (NGS) has been so successful that Nicole has decided to expand her spa by selling merchandise. She sells things such as nail polish, at-home spa kits, cosmetics, and aromatherapy items, Nicole uses a perpetual inventory system and is starting to realize all of the work that is created when inventory is involved in a business. The following transactions were selected from among those completed by NGS in August. August 2 Sold a bundle of spa services with a merchandise basket. When sold separately, the spa service part of the bundle sells for $704 and the merchandise basket normally selts for $176. Together, the bundte was sold to Val Any for cash at a selling price of $750 (totall. Val booked a spa treatnent for August 10, and she took the basket of goods with her. The goods had cost NGS $175. August 3 Sold 5 identical itens of merchandise to Cosiotics R Us on account at a setting price of sBee (total): terms n/30. The goods cost NOS $700. August 6 Cosmetics R US returned one of the five items purchased on August 3. The iten coutd still be sold by NGS in the future and credit was given to the custotier. August 10. Val Any used one of the three spo treatments she had purchased as part of the bundte sold to her August 20 Sold two at-home spa kits to Meghan witzel for $600 cash. The goods cost NGs $191. August 22 Cosmetics R Us paid its remaining account balance in full. Required information Step by Step Solution
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