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Question 3 (of 8) 0.62 points The following transactions were selected from the records of OceanView Company July 12 Sold merchandise to Customer R, who

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Question 3 (of 8) 0.62 points The following transactions were selected from the records of OceanView Company July 12 Sold merchandise to Customer R, who charged the $4,800 purchase on his Visa credit card. Visa charges OceanView a 1 percent credit card fee. 15 Sold merchandise to Customer S at an invoice price of $10,900 terms 4/10, n/30. 20 Sold merchandise to Customer T at an invoice price of $4,500, terms 4/10, n/30. 23 Collected payment from Customer S from July 15 sale Aug 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 two months ended August 31 References eBook & Resources Worksheet Difculty 2 Medium Leeming Objective, 06-01 Analyze the impact of credit card sales, sales discounts sales returns on the amounts reported as not sales

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