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Packet Exercise 6.2 Morgan Co. had the following sales/cash transactions during December 2019: Made credit card sales of $10,000 during 2019. The discount on the

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Packet Exercise 6.2 Morgan Co. had the following sales/cash transactions during December 2019: Made credit card sales of $10,000 during 2019. The discount on the credit card sales was 3 % a) 10.000x 03-300 The cash from the credit card sales was collected from VISA. b) Made sales on account totaling $7,500 with terms 2/10, n/30. c) Bx 7500 d) $1,000 of the sales made on account were returned. The returns were made before payment was received from the customer. Sales totaling $500 previously made on account were collected within the discount period. e) The remaining sales on account were colllected after the discount period 0 Reminder: As per the texbook assumy all discounty and returns are contra-revpaes Credit Card Discount Accounts Receivable Sales 1500 500 6p0 Sales Retuns & Allowances Cash T9.700 500 Sales Discount 00 What amount will Morgan Co report as net sales from all transactions? S

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