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The following transactions were selected from the records of OceanView Company: July 12 sold morehandise to Custoner R, who charged the $3,900 purchase on his
The following transactions were selected from the records of OceanView Company: July 12 sold morehandise to Custoner R, who charged the $3,900 purchase on his visa eredit card. visa charges oceanview a 2 percent eredit eard fee. 15 sold merchandise to cuatomer s at an invoice price of $9,100; termn 2/10,n/30. 20 sold merchandise to cuatomer r at an involce price of $5,300; terms 2/10,n/30. 23 colleeted payment. from cuntomer s from July 15 sale. Aug. 25 collected paynent from customer x from July 20 sale. Required: Assuming that Sales Discounts and Credit Card Discounts are treated as contra-revenues, compute net sales for the two months ended August 31
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