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Nov. 20 Sold two items of merchandise to Cheryl Jahn, who paid the $500 sales price in cash. The goods cost Bear's $370. 25 Sold
Nov. 20 Sold two items of merchandise to Cheryl Jahn, who paid the $500 sales price in cash. The goods cost Bear's $370. 25 Sold 20 items of merchandise to Vasko Athletics at a selling price of $4,700 (total); terms 3/10, n/30. The goods cost Bear's $2,850 28 Sold 10 identical items of merchandise to Nancy's Gym at a selling price of $6,700 (total); terms 3/10, n/30. The goods cost Bear's $4,350. 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: Assuming that Sales Returns and Sales Discounts are reported as contra-revenues, compute Net Sales for the two months ended December 31. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Net Sales
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