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reporting net sales E6-2 Reporting Net Sales with Credit Sales, Sales Discounts, and Credit Card Sales LO6-1 The tolowing transactions were selected from the records
reporting net sales
E6-2 Reporting Net Sales with Credit Sales, Sales Discounts, and Credit Card Sales LO6-1 The tolowing transactions were selected from the records of Oreanv, Comany to Customer R, who charged the $3,400 purchase on his Visa credit card Visa charges Oceanview a 2 percent credit card tee 15 Sold merchandise to Customer S at an invoice price of S9.900. terms 3/10 n30. 20 Sold merchandise to Customer T at an invoice price of $5 600, terms 3/10, n'30 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
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