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.

The following transactions were selected from the records of OceanView Company: July 12 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. July 15 Sold merchandise to Customer $ at an invace price of $9,000, terms 3/10,130 July 20 Sold merchandise to Customer T at an invoice price of $4,000, terms 3/10,/30. July 23 Collected payment from Customer 5 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 fwo months ended August 31