The following transactions were selected from among those completed by Bears Retail Store: November 20 Sold two
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Question:
The following transactions were selected from among those completed by Bears Retail Store:
November 20 | Sold two items of merchandise to Cheryl Jahn, who paid the $330 sales price in cash. The goods cost Bears $250. |
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November 25 | Sold 20 items of merchandise to Vasko Athletics at a selling price of $3,300 (total); terms 3/10, n/30. The goods cost Bears $2,150. |
November 28 | Sold 10 identical items of merchandise to Nancys Gym at a selling price of $5,300 (total); terms 3/10, n/30. The goods cost Bears $3,650. |
November 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 on account. No further returns are expected. |
December 6 | Nancys Gym paid the account balance in full. |
December 30 | Vasko Athletics paid in full for the invoice of November 25. |
Required:
Compute the Net Sales to be reported over the two months. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Net sale ______
Posted Date: