Nov. 20 Sold two items of merchandise to Customer B, who charged the $470 (total) sales price on her Visa credit card. Visa charges Kathan a 2 percent credit card fee. 25 Sold 14 items of merchandise to Customer C at an invoice price of $2,900 (total); terms 1/10, n/30. 28 Sold 12 identical items of merchandise to Customer D at an invoice price of $7,440 (total); terms 1/10, n/30. 30 Customer D returned one of the items purchased on the 28th; the item was defective and credit was given to the customer. Dec. 06 Customer D paid the account balance in full. 30 Customer C paid in full for the invoice of November 25. Required:

1. Prepare the appropriate journal entry for each of these transactions. Do not record cost of goods sold.

2. Compute Net Sales.