Wolford Interiors reported the following transactions in November:
Nov 2 Sold merchandise on account to Maxine Holder, $1,000, terms 2/10, n/30.
10 Sold merchandise on account to Alexis Pinney, $2,600, terms 3/10, n/30.
11 Collected payment from Maxine Holder for November 2 sale.
15 Pinney returned $1,500 of the merchandise purchased on November 10.
19 Collected payment from Alexis Pinney for the balance of the November 10 sale.
Requirements
1. Record the foregoing transactions in the journal of Wolford Interiors. (You do not need to make the cost of sales, estimated refunds, or cost of estimated returns journal entries; assume that these entries will be made by the company when it makes its other adjusting entries at period end.)
2. Prepare a computation of net sales for the month of November.