Chic Interiors reported the following transactions in November:
Nov 2 Sold merchandise on account to Ella Barron, $1,300, terms 1/10, n/30.
10 Sold merchandise on account to Amanda O'Connor, $2,500, terms 2/10, n/30.
11 Collected payment from Ella Barron for the November 2 sale.
15 O'Connor returned $1,700 of the merchandise purchased on November 10.
19 Collected payment from Amanda O'Connor for the balance of the November 10 sale.
Requirements
1. Record the foregoing transactions in the journal of Chic 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.