The following transactions were selected from among those completed by Hailey Retailers in the current year:

November $20$ Sold two items of merchandise to Customer B$,$ who charged the $$450($total$)$ sales price on her Visa

November $25$ credit card. Visa charges Hailey a $2$ percent credit card fee.

November $28,$ items of merchandise to Customer C at an invoice price of $$2,800($total$)$; terms $\frac{2}{10},\frac{n}{30}.$

Sold $12$ identical items of merchandise to Customer D at an invoice price of $$7,200($total$)$; terms

November $30,\frac{2}{10},\frac{n}{30}.$

Customer D returned one of the items purchased on the $28$ th; the item was defective and credit was

given to the customer.

December $06$ Customer D paid the account balance in full.

December $30$ Customer $C$ paid in full for the invoice of November $25.$

Required:

Prepare the appropriate journal entry for each of these transactions. Do not record cost of goods sold.

Compute Net Sales.

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Prepare the appropriate journal entry for each of these transactions. Do not record cost of goods sold. $($If no entry is required for a

transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$

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View journal entry worksheet