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The following transactions were selected from the records of OceanView Company: July 1 2 Sold merchandise to Customer R , who charged the $ 3
The following transactions were selected from the records of OceanView Company:
July Sold merchandise to Customer who charged the $ purchase on his Visa credit card. Visa charges ceanView a percent credit card fee.
July
July
August
Sold merchandise to Customer at an invoice price of $; terms
Sold merchandise to Customer at an invoice price of $; terms
Collected payment from Customer from July sale.
collected payment from Customer T from July sale.
Required:
Assuming that Sales Discounts and Credit Card Discounts are treated as contrarevenues, compute net sales for the two months ended August
Answer is complete but not entirely correct.
Net sales
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