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q.3 The following transactions were selected from among those completed by Bear's Retall Store: November 20 Sold two itens of merchandise to Cheryl Jahn, who
q.3
The following transactions were selected from among those completed by Bear's Retall Store: November 20 Sold two itens of merchandise to Cheryl Jahn, who paid the $390 sales price in cash. The goods cost Bear's $290. November 25 Sold 20 items of rerchandise to Vasko Athletics at a selling price of $3,900( total) terms 3/10,n/38. The goods cost Bear's $2,459. November 28 Sold 10 identical items of merchandise to Nancy's Gym at a selling price of $5,900 ( total); terms 3/16,n/30. The goods cost Bear's $3,950. November. 29 Nancy's Gym returned one of the itens purchased on the 28th. The item was in perfect condition and credit was given to the customer on account. No further returns are expected. December 6 Nancy's Gym paid the account balance in full. December 30 Vasko Athletics paid in full for the invoice of November 25. Required: Compute the Net Sales to be reported over the two months. (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Step by Step Solution
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