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The following transactions were selected from among those completed by Purple Co. in February and March: Feb. 22 Feb. 25 Sold 20 items of merchandise
The following transactions were selected from among those completed by Purple Co. in February and March: Feb. 22 Feb. 25 Sold 20 items of merchandise to Customer X at an invoice price of $5,500 (total); terms 2/15, n/30. Sold 4 items of merchandise to Customer Y, who charged the $1,200 sales price on her Visa credit card. Visa charges Purple Co. a 3 percent credit card fee. Sold 10 items of merchandise to Customer Z at an invoice price of $9,000 (total); terms 2/15, n/30. Customer X paid the account balance in full. Customer Z paid the account balance in full. Feb. 26 Mar. 1 Mar. 31 Assume that Sales discounts, and credit card discounts are treated as contra-revenues, compute net sales for the two months.(Fill in blanks with numbers only. No $ needed.)
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