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J -ok nt ences The following transactions were selected from the records of OceanView Company: July 12 July 15 July 20 July 23 August 25
J -ok nt ences The following transactions were selected from the records of OceanView Company: July 12 July 15 July 20 July 23 August 25 Sold merchandise to Customer R, who charged the $3,000 purchase on his Visa credit card. Visa charges OceanView a 2 percent credit card fee. Sold merchandise to Customer S at an invoice price of $9,000; terms 3/10, n/30. Sold merchandise to Customer T at an invoice price of $4,000; terms 3/10, n/30. Collected payment from Customer S from July 15 sale. Collected payment from Customer T from July 20 sale. Net sales Check Required: Assuming that Sales Discounts and Credit Card Discounts are treated as contra-revenues, compute net sales for the two months ended August 31.
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