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

E6-3(Algo) Reporting Net Sales with Credit Sales, Sales Discounts, Sales Returns, and Credit Card Sales LO6-1
The following transactions were selected from among those completed by Bennett Retallers in November and December:
November 20
November 25
November 28
November 29
December 6
December 2
Sold 20 items of merchandise to customer B at an invoice price of $6,300(total); terms 210,n30.
Sold tw items of merchandise to Customer C, who charged the $80(total) sales price on her visa cmedit
card, Visa charges Bennett Retailers a 2 percent credit card fee.
Sold 10 identical items of merchandise to customer D at an invoice price of $10,060(total); terms 210,n30.
Customer D returned one of the items purchased on the 28th the item was defective and credit was given to the customer.
Customer D paid the account balance in full.
Customer B paid in full for the invoice of November 28.
Requlred:
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 Intermedlate calculations. Round your answer to the nearest whole dollar amount.
Answer is complete but not entirely correct.
Net sales
s.15,704
 E6-3(Algo) Reporting Net Sales with Credit Sales, Sales Discounts, Sales Returns,

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