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The following transactions were selected from among those completed by Cadence Retailers in November and December Nov. 20 Sold 20 items of merchandise to Customer
The following transactions were selected from among those completed by Cadence Retailers in November and December Nov. 20 Sold 20 items of merchandise to Customer B at an invoice price of $5,500 (total); terms 310, n/30 the $400 sales price on her Visa credit card. Visa charges Cadence Retailers a 2 percent credt card fee 25 Sold two items of merchandise to Customer C, who charged 28 Sold 10 identical items of merchandise to Customer D at an invoice price of $9,000 (total), terms 3/10, n/30 29 Customer D returned one of the items purohased on the 28th; the tem was defective, and credit was given to the customer Dec. 6 Customer D paid the account baiance in full 20 Customer B paid in full for the invoice of November 20 Required: Assume that Sales Returns and Allowances, Sales Discounts, and Credt Card Discounts are treated as contra-revenues; compute not round your intermediate caloulations.) net sales for the two months ended December 31. (D
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