The following transactions were selected from among those completed by Hailey Retailers in 2004:

Required:
Assume thai Sales Discounts and Credit Card Discounts are treated as contra-revenues: compute net sales for the two months ended December 31, 2004.LO1

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Nov. 20 Sold two items of merchandise to Customer B, who charged the $400 sales price on her Visa credit card. Visa charges Hailey a 2 percent credit card fee. 25 Sold 20 items of merchandise to Customer C at an invoice price of $4,000 (total); terms 3/10, n/30 28 Sold 10 identical items of merchandise to Customer D at an invoice price of $6,000 (total); terms 3/10, n/30. 30 Customer D returned one of the items purchased on the 28th; the item was defective, and credit was given to the customer. Dec. 6 Customer D paid the account balance in full. 30 Customer C paid in full for the invoice of November 25, 2004.