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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 R who charged the $ purchase on his Visa credit card. Visa charges OceanView a percent credit card fee.
July Sold merchandise to Customer S at an invoice price of $; terms n
July Sold merchandise to Customer T at an invoice price of $; terms n
July Collected payment from Customer S from July sale.
August 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
Net Sales:
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