Question: E 6 - 3 ( Algo ) Reporting Net Sales with Credit Sales, Sales Discounts, Sales Returns, and Credit Card Sales L 0 6 -

E6-3(Algo) Reporting Net Sales with Credit Sales, Sales Discounts, Sales Returns, and Credit Card Sales L06-1
The following transactions were selected from among those completed by Bennett Retailers in November and December:
November 20 Sold 20 items of merchandise to Customer B at an invoice price of $5,600(total); terms 210,n30.
November 25 Sold two items of merchandise to Customer C, who charged the $600(total) sales price on her Visa
November 28 credit card. Visa charges Bennett Retailers a 1 percent credit card fee.
Sold 10 identical items of merchandise to Customer D at an invoice price of $9,800(total); terms 210,n30.
November 29 Customer D returned one of the items purchased on the 28th; the item was defective and credit was
December 6 given to the customer.
December 20 Customer D paid the account balance in full.
Customer B paid in full for the invoice of November 20.
Required:
Assume that Sales Returns and Allowances, Sales Discounts, and Credit Card Discounts are treated as contra-revenues; compute net sales for the two months ended December 31.
Note: Do not round your intermediate calculations. Round your answer to the nearest whole dollar amount.
Net sales
 E6-3(Algo) Reporting Net Sales with Credit Sales, Sales Discounts, Sales Returns,

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