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The following transactions were selected from among those completed by Bears Retail Store: Nov. 20 Sold two items of merchandise to Cheryl Jahn, who paid
The following transactions were selected from among those completed by Bears Retail Store:
Nov. | 20 | Sold two items of merchandise to Cheryl Jahn, who paid the $310 (total) sales price in cash. The goods cost Bears $230. | ||
25 | Sold 20 items of merchandise to Vasko Athletics at a selling price of $3,100 (total); terms 3/10, n/30. The goods cost Bears $2,050. | |||
28 | Sold 10 identical items of merchandise to Nancys Gym at a selling price of $5,100 (total); terms 3/10, n/30. The goods cost Bears $3,550. | |||
29 | Nancys Gym returned one of the items purchased on the 28th. The item was in perfect condition and credit was given to the customer. | |||
Dec. | 6 | Nancys Gym paid the account balance in full. | ||
30 | Vasko Athletics paid in full for the invoice of November 25. |
Required:
Compute the net sales revenue to be reported over the two months. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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