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The following transactions were selected from among those completed by Bear's Retail Store: November 20 Sold two items of merchandise to Cheryl Jahn, who paid
The following transactions were selected from among those completed by Bear's Retail Store: November 20 Sold two items of merchandise to Cheryl Jahn, who paid the $500 sales price in cash. The goods cost Bear's $380. November 25 Sold 20 items of merchandise to Vasko Athletics at a selling price of $4,700 (total); terms 3/10, n/30. The goods cost Bear's $2,850. November 28 Sold 10 identical items of merchandise to Nancy's Gym at a selling price of $6,700 (total); terms 3/10, n/30. The goods cost Bear's $4,350. are expected. December 6 Nancy's 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.)
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