E$6-3($Algo$)$ Reporting Net Sales with Credit Sales, Sales Discounts, Sales Returns, and Credit Card Sales LO$6-1$

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 $$5,700($total$)$; terms $2/10,$ n$/30.$November $25$Sold two items of merchandise to Customer C$,$ who charged the $$600($total$)$ sales price on her Visa credit card. Visa charges Bennett Retailers a $1$ percent credit card fee.November $28$Sold $10$ identical items of merchandise to Customer D at an invoice price of $$9,100($total$)$; terms $2/10,$ n$/30.$November $29$Customer D returned one of the items purchased on the $28$th; the item was defective and credit was given to the customer.December $6$Customer D paid the account balance in full.December $20$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.

E$6-3($Algo$)$ Reporting Net Sales with Credit Sales, Sales Discounts, Sales Returns, and Credit Card Sales LO$6-1$

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 $\backslash (\backslash$$ $5,700\backslash )($total$)$; terms $2/10,$ n$/30.$

November $25$ Sold two items of merchandise to Customer C$,$ who charged the $\backslash (\backslash$$ $600\backslash )($total$)$ sales price on her Visa

credit card. Visa charges Bennett Retailers a $1$ percent credit card fee.

November $28$ Sold $10$ identical items of merchandise to Customer D at an invoice price of $\backslash$$$9,100($total$)$; terms

$\backslash (2/10,$ n $/30\backslash ).$

November $29$ Customer D returned one of the items purchased on the $28$th; the item was defective and credit was

given to the customer.

December $6$ Customer D paid the account balance in full.

December $\backslash (20\backslash$quad $\backslash )$ 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.