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Requirement 2. Calculate the gross sales revenue for the month. The gross sales revenue for the month is March 3 March 4 March 5 March
Requirement 2. Calculate the gross sales revenue for the month. The gross sales revenue for the month is March 3 March 4 March 5 March 7 Sold $18,000 of merchandise to West Company on account. Sold $2,200 of merchandise to Yarrito Corp., who paid by credit card. The credit card company charges Dawson a fee of 2% on credit card sales. West Company returned $100 of the merchandise from March 3. Sold $500 of merchandise to Mulberry, Inc., on account. March 15 West Company paid the balance of what it owed for the purchase on March 3. March 19 March 21 March 23 March 25 March 31 Sold $28,000 of merchandise to Zagaro Co. on account. Zagaro reported that some of the merchandise received was scratched and returned $600 worth of merchandise to Dawson. Sold $33,000 of merchandise to Nealers Co. on account. Zagaro paid the balance of what it owed for the purchase on March 19. Dawson made the adjusting entries for the month to accrue for estimated future returns. Dawson estimates that 3% of total sales will be returned
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