Question: E 6 - 3 ( Algo ) Reporting Net Sales with Credit Sales, Sales Discounts, Sales Returns, and Credit Card Sales L 0 6 -
EAlgo Reporting Net Sales with Credit Sales, Sales Discounts, Sales Returns, and Credit Card Sales L
The following transactions were selected from among those completed by Bennett Retailers in November and December:
November Sold items of merchandise to Customer B at an invoice price of $total; terms
November Sold two items of merchandise to Customer C who charged the $total sales price on her Visa
November credit card. Visa charges Bennett Retailers a percent credit card fee.
Sold identical items of merchandise to Customer D at an invoice price of $total; terms
November Customer D returned one of the items purchased on the th; the item was defective and credit was
December given to the customer.
December Customer paid the account balance in full.
Customer B paid in full for the invoice of November
Required:
Assume that Sales Returns and Allowances, Sales Discounts, and Credit Card Discounts are treated as contrarevenues; compute net sales for the two months ended December
Note: Do not round your intermediate calculations. Round your answer to the nearest whole dollar amount.
Net sales
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